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

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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company. Account Title Debit Credit $ 8,000 17,500 3,000 172,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks $ 36,000 Land 85,000 Accounts payable Interest payable Long-term notes payable 12,000 4,000 53,000 20,000 Common stock Retained earnings, December 31, 2017 Dividends 155,000 20,000 Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 130,000 23,500 61,000 8,000 12,000 Totals $410,000 $410,000 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company. Account Title Debit Credit $ 8,000 17,500 3,000 172,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks $ 36,000 Land 85,000 Accounts payable Interest payable Long-term notes payable 12,000 4,000 53,000 20,000 Common stock Retained earnings, December 31, 2017 Dividends 155,000 20,000 Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 130,000 23,500 61,000 8,000 12,000 Totals $410,000 $410,000

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Wilson Trucking Company Income Statement For the year ended ... View the full answer