Question
The following is the adjusted trial balance of Wilson Trucking Company. Account Title Debit Credit Cash $ 8,400 Accounts receivable 16,500 Office supplies 2,000 Trucks
The following is the adjusted trial balance of Wilson Trucking Company. Account Title Debit Credit Cash $ 8,400 Accounts receivable 16,500 Office supplies 2,000 Trucks 187,000 Accumulated depreciationTrucks $ 38,522 Land 75,000 Accounts payable 12,400 Interest payable 3,000 Long-term notes payable 52,000 K. Wilson, Capital 171,915 K. Wilson, Withdrawals 19,000 Trucking fees earned 138,000 Depreciation expenseTrucks 24,847 Salaries expense 64,722 Office supplies expense 6,500 Repairs expenseTrucks 11,868 Totals $ 415,837 $ 415,837 The K. Wilson, Capital, account balance is $171,915 at December 31, 2014. (1). Prepare the income statement for the year ended December 31, 2015. (2). Prepare the statement of owners equity for the year ended December 31, 2015.
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