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3 years ago

The following is the adjusted trial balance of Wilson Trucking Company.

Business

1 answer:

Troyanec [42]3 years ago

7 0

Answer:

PART 1: Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

PART 2: As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

PART 1

Wilson Trucking Company

Income Statement for the year ended December 31, 2017

Revenue

Trucking Fees $115,500

Less Expenses:

Depreciation expense of Trucks $(26,043)

Salaries expense $(54,170)

Office supplies expense $(9,500)

Repairs expense -Trucks $(9,933)

Net Income $15,854

PART 2

Wilson Trucking Company

Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016 $193,270

Add: Net Income for the year $15,854

Less: K. Wilson withdrawals during the year $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017 $190,124

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3 years ago

Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $20 per pound and costs $15.75

Vedmedyk [2.9K]

Answer:

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3 years ago

Write a for loop that prints in ascending order all the positive integers less than 200

ExtremeBDS [4]

The correct answer for the for loop is:

for (int i=1; i<200; i++){

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Litton Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the b

Minchanka [31]

Answer:

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MrRa [10]

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