The following is the adjusted year-end trial balance at december 31, 2018, of wilson trucking company. account title debit credit cash $ 8,000 accounts receivable 17,500 office supplies 3,000 trucks 172,000 accumulated depreciation—trucks $ 36,000 land 85,000 accounts payable 12,000 interest payable 4,000 long-term notes payable 53,000 common stock 20,000 retained earnings, december 31, 2017 155,000 dividends 20,000 trucking fees earned 130,000 depreciation expense—trucks 23,500 salaries expense 61,000 office supplies expense 8,000 repairs expense—trucks 12,000 totals $ 410,000 $ 410,000 (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, 2018. (3) prepare its balance sheet as of december 31, 2018.
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The following is the adjusted year-end trial balance at december 31, 2018, of wilson trucking compan...
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