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What is the net income and how do i find it? Required information The following information applies to the questions displayed below) The following adjusted
What is the net income and how do i find it?
Required information The following information applies to the questions displayed below) The following adjusted trial balance at December 31 of Wilson Trucking Company Credit Debit $ 9,300 18,880 4,300 185,000 $ 37,300 98,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals 15,900 5,300 64,500 36,500 146,500 21,300 143,000 24,800 64,900 9,300 13,30 $ 449,000 $ 449,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $146,500 at December 31 of the prior year Step by Step Solution
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