The following is the adjusted trial balance of Wilson Trucking
Company. Account Title Debit Credit Cash...
The following is the adjusted trial balance of Wilson Trucking
Company. Account Title Debit Credit Cash $ 8,400 Accounts
receivable 16,500 Office supplies 2,000 Trucks 187,000 Accumulated
depreciation—Trucks $ 38,522 Land 75,000 Accounts payable 12,400
Interest payable 3,000 Long-term notes payable 52,000 K. Wilson,
Capital 171,915 K. Wilson, Withdrawals 19,000 Trucking fees earned
138,000 Depreciation expense—Trucks 24,847 Salaries expense 64,722
Office supplies expense 6,500 Repairs expense—Trucks 11,868 Totals
$ 415,837 $ 415,837 The K. Wilson, Capital, account balance is
$171,915...
The following adjusted year-end trial balance at December 31 of
Wilson Trucking Company.
Account Title
Debit...
The following adjusted year-end trial balance at December 31 of
Wilson Trucking Company.
Account Title
Debit
Credit
Cash
$
9,400
Accounts receivable
16,500
Office supplies
2,000
Trucks
164,000
Accumulated depreciation—Trucks
$
33,784
Land
75,000
Accounts payable
13,400
Interest payable
3,000
Long-term notes payable
52,000
K. Wilson, Capital
155,547
K. Wilson, Withdrawals
19,000
Trucking fees earned
128,000
Depreciation expense—Trucks
21,791
Salaries expense
60,032
Office supplies expense
7,000
Repairs expense—Trucks
11,008
Totals
$
385,731
$
385,731
The K. Wilson, Capital account...
The following adjusted year-end trial balance at December 31 of
Wilson Trucking Company.
Account Title
Debit...
The following adjusted year-end trial balance at December 31 of
Wilson Trucking Company.
Account Title
Debit
Credit
Cash
$
8,900
Accounts receivable
16,500
Office supplies
2,000
Trucks
160,000
Accumulated depreciation—Trucks
$
32,960
Land
75,000
Accounts payable
12,900
Interest payable
3,000
Long-term notes payable
52,000
K. Wilson, Capital
153,332
K. Wilson, Withdrawals
19,000
Trucking fees earned
141,500
Depreciation expense—Trucks
21,259
Salaries expense
66,364
Office supplies expense
14,500
Repairs expense—Trucks
12,169
Totals
$
395,692
$
395,692
The K. Wilson, Capital account...
The following is the adjusted trial balance of Wilson Trucking
Company.
Account Title
Debit
Credit
Cash...
The following is the adjusted trial balance 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
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
The Retained Earnings account balance is $155,000...
Exercise 4-11 Preparing the financial statements LO C2
The following is the adjusted trial balance of...
Exercise 4-11 Preparing the financial statements LO C2
The following is the adjusted trial balance 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
K. Wilson, Capital
175,000
K. Wilson, Withdrawals
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...
Account Debit Credit
Cash $1,300
Merchandise inventory 46,000
Store supplies 18,900
Store equipment 147,600
Accumulated depreciation,...
Account Debit Credit
Cash $1,300
Merchandise inventory 46,000
Store supplies 18,900
Store equipment 147,600
Accumulated depreciation, store equipment 29,000
Accounts payable 12,000
Nymeth Sarda, capital 158,800
Nymeth Sarda, withdrawals 2,000
Sales 342,200
Sales discounts 3,000
Sales returns and allowances 9,000
Cost of goods sold 111,600
Sales salaries expense 94,000
Rent expense, selling space 12,000
Office supplies expenses 1,000
Rent expense, office space 56,000
Advertising expense 39,600
Totals $542,000 $542,000
Required
Prepare a classified multi-step income statement.
Adjusted Trial Balance
December 31, 2018
Account Title
Debit
Credit
Cash
$85,150
Accounts Receivable
229,140
Supplies...
Adjusted Trial Balance
December 31, 2018
Account Title
Debit
Credit
Cash
$85,150
Accounts Receivable
229,140
Supplies
16,955
Equipment
395,285
Accumulated Depreciation
$221,260
Accounts Payable
74,235
Capital Stock
220,000
Retained Earnings
101,145
Service Revenue
893,105
Interest Income
1,500
Dividends
2,000
Rent Expense
58,500
Wages Expense
527,260
Supplies Expense
42,520
Utilities Expense
8,595
Depreciation Expense
145,840
________
Totals
$1,522,565
$1,522,565
Use this information to prepare the Balance Sheet for
the fiscal year. There are additional lines in the formatted
Balance Sheet form...
The following is the adjusted trial balance for Dove
Lithography. Account Debit Credit Cash $1,700 Accounts...
The following is the adjusted trial balance for Dove
Lithography. Account Debit Credit Cash $1,700 Accounts receivable
8,500 Supplies 100 Equipment 7,500 Accumulated depreciation $2,000
Accounts payable 1,200 Salary payable 800 Unearned revenue 600
Capital 3,400 Drawing 2,300 Service revenue 40,000 Salary expense
24,000 Supplies expense 2,300 Depreciation expense 1,600 $48,000
$48,000 Using the information from the worksheet above, prepare the
closing journal entries for the company.
Perfect Advertising Services
Adjusted Trial Balance
December 31, 2018
Balance
Account Title
Debit
Credit
Cash
$14,400...
Perfect Advertising Services
Adjusted Trial Balance
December 31, 2018
Balance
Account Title
Debit
Credit
Cash
$14,400
Accounts Receivable
14,500
Office Supplies
5,900
Land
18,700
Building
49,800
Accumulated Depreciation—Building
$36,900
Furniture
20,100
Accumulated Depreciation—Furniture
13,700
Accounts Payable
10,300
Salaries Payable
7,100
Unearned Revenue
15,500
Corby, Capital
73,800
Corby, Withdrawals
20,500
Service Revenue
38,500
Salaries Expense
26,500
Supplies Expense
9,700
Depreciation Expense—Building
3,100
Depreciation Expense—Furniture
1,100
Advertising Expense
11,500
Total
$195,800
$195,800
Requirement 2. Prepare the statement of
owner's equity for the...
The following unadjusted trial balance contains the accounts and
balances of Dylan Delivery Company as of...
The following unadjusted trial balance contains the accounts and
balances of Dylan Delivery Company as of December 31, 2017.
Unrecorded depreciation on the trucks at the end of the year is
$7,407.
The total amount of accrued interest expense at year-end is
$8,000.
The cost of unused office supplies still available at year-end
is $600.
1. Use the above information about the company’s
adjustments to complete a 10-column work sheet.
2a. Prepare the year-end closing entries for Dylan
Delivery...