Business, 23.01.2020 17:31 alyssa0888

The following is the adjusted trial balance of wilson trucking company.
account title debit credit
cash $ 5,500
accounts receivable 16,500
office supplies 2,000
trucks 196,000
accumulated depreciation—trucks $40,376
land 75,000
accounts payable 9,500
interest payable 3,000
long-term notes payable 52,000
k. wilson, capital 193,270
k. wilson, withdrawals 19,000
trucking fees earned 115,500
depreciation expense—trucks 26,043
salaries expense 54,170
office supplies expense 9,500
repairs expense—trucks 9,933
totals $ 413,646 $ 413,646
the k. wilson, capital account balance is $193,270 at december 31, 2016.
required:
(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.

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The following is the adjusted trial balance of wilson trucking company.
account title debit cr...

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