The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Account Title Cash...

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The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit $ 8,900 18,400 3,900 181, 000 94,000 20,900 24,400 63,700 8,900 12,900 $ 437,000 Prepare the closing entries for the year ended December 31. $36, 900 14,700 4,900 62,500 179, 090 139,000 $ 437,000 The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit $ 8,900 18,400 3,900 181, 000 94,000 20,900 24,400 63,700 8,900 12,900 $ 437,000 Prepare the closing entries for the year ended December 31. $36, 900 14,700 4,900 62,500 179, 090 139,000 $ 437,000

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Close revenue accounts Debit Trucking revenue 139000 Credit Income Summary 139000 Close ... View the full answer