The following is the adjusted trial balance of Wilson Trucking Company.
|Accumulated depreciation – Trucks||$31,106|
|Long-term notes payable||52,000|
|Trucking fees earned||134,000|
|Depreciation expense – Trucks||20,063|
|Office supplies expense||9,500|
|Repairs expense – Trucks||11,524|
The K, Wilson, Capital, account balance is $143,327 at December 31, 2012.
Prepare the income statement for the year ended December 31, 2013.
|WILSON TRUCKING COMPANY Income Statement For the Year Ended December 31, 2013|