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Name: ACCT 275 Quiz Covering Year-end work and financial statements The following adjusted trial balance...

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Name: ACCT 275 Quiz Covering Year-end work and financial statements The following adjusted trial balance relates to NOLA Trucking Company at Dec 31, 2017: Account Title Debit Credit Cash 5,800 Accounts receivable 17,500 Office supplies 3,000 Trucks 156,000 Accum, Deprec. - Trucks 32,136 Land 85,000 Accounts payable 9,800 Interest payable 4,000 Long-term notes payable 53,000 J. Reed, Capital 161,901 J. Reed, Withdrawals 20,000 Trucking fees earned 121,000 Depreciation expense-Trucks 20,727 Salary expense 56,749 Office supplies expense 6,655 Repairs expense-Trucks 10,406 381,837 $ 381,837 Additional information: J. Reed's captial balance is $161,901 at December 31, 2016 Prepare the following for NOLA Trucking Company: 1. The income statement for the period ending December 31, 2017 2. The statement of Owner's Equity for the period ending December 31, 2017. 3. The Balance Sheet as of December 31, 2017. 4. The closing entries as of December 31, 2017. 5. The Post-Closing Trial Balance as of December 31, 2017

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