Company. Debit $ 8,000 17,500 3,000 172,000 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 fees earned. Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals: 85,000 Credit $ 36,000 12,000 4,000 53,000 20,000 155,000 20,000 23,500 61,000 8,000 12,000 $410,000 $410,000 130,000 The Retained Earnings account balance is $155,000 at December 31, 2016. (1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of retained earnings for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below.
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017. WILSON TRUCKING COMPANY Revenues Expenses Income Statement For Year Ended December 31, 2017 Total expenses
(1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of retained earnings for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the statement of retained earnings for the year ended December 31, 2017. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Retained earnings, December 31, 2017
The following is the adjusted trial balance of Wilson Trucking The following is the adjusted trial balance of Wilson Trucking Company. Debit $ 8,000 17,500 3,000 172,000 Account Title
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