Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company Credit Account Title Cash Accounts receivable Office supplies Trucks

image text in transcribed
image text in transcribed
The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company Credit Account Title Cash Accounts receivable Office supplies Trucks Debit $ 7,400 17, eee 3,800 176,000 Accumulated depreciation-Trucks $ 35,000 76,900 12,700 4,700 48, eee 21,100 154, eee Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office Supplies expense Repairs expense-Trucks Totals 19,800 133,000 22,500 64,000 8,500 12,600 $408,500 $408,500 Office supplies expense Repairs expense-Trucks Totals 8, 500 12,600 $ 408,500 $408,500 (1) Prepare the income statement fof the year ended December 31, 2018. (2) Prepare the statement of retained earnings for the year ended December 31, 2018 (3) Prepare its balance sheet as of December 31, 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare its balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a WILSON TRUCKING COMPANY

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Audit Is An Audit Is An Audit

Authors: Marina Peters

1st Edition

B08B37VNZ6, 979-8652328412

More Books

Students also viewed these Accounting questions

Question

a. When did your ancestors come to the United States?

Answered: 1 week ago

Question

d. What language(s) did they speak?

Answered: 1 week ago

Question

e. What difficulties did they encounter?

Answered: 1 week ago