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The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest
The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 6,500 16,500 2,000 193,000 $ 39,758 75,000 10,500 3,000 52,000 181,751 19,000 143,000 25,644 67,067 13,000 12,298 $430,099 $ 430,009 The K. Wilson, Capital account balance is $181,751 at December 31, 2016. (1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of owner's equity for the year ended December 31, 2017 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses
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