dujusted year-end trial balance at December 31, 2018, of Wilso Company. 30 points. Account Title...
70.2K
Verified Solution
Link Copied!
Question
Accounting
dujusted year-end trial balance at December 31, 2018, of Wilso Company. 30 points. Account Title Debit Credit Cash $ 7,900 Accounts receivable 17,800 Office supplies 4,000 Trucks 167,000 Accumulated depreciation- Trucks $ 35,000 Land 100,600 Accounts payable 11,700 Interest payable 3,400 Long-term notes payable 54,000 Common stock 20,500 Retained earnings, December 31, 2017 157,000 Dividends 20,100 Trucking fees earned 137,000 Depreciation expense-Trucks 22,300 Salaries expense 58,000 Office supplies expense 8,200 Repairs expense-Trucks 12,700 Totals $418,600 $418,600 (1) Prepare the income statement for the year ended December 31, 2018. (2) Prepare the statement of retained earnings for the year ended December 31, (3) Prepare its balance sheet as of December 31, 2018. Enter your financial statements on the pages provided
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
