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Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Current assets Cash Accounts receivable Office supplies Total current assets Plant assets Trucks $ Debit 8,000 27,000 7,398 171,000 >> 44,000 35,000 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified Credit $ 35,226 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20.540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 Answer is not complete. 171,000 $ $ 8.000 27,000 7,398 42,398

Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Current assets Cash Accounts receivable Office supplies Total current assets Plant assets Trucks $ Debit 8,000 27,000 7,398 171,000 >> 44,000 35,000 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified Credit $ 35,226 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20.540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 Answer is not complete. 171,000 $ $ 8.000 27,000 7,398 42,398

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Current assets Cash Accounts receivable Office supplies $ Total current assets Plant assets Trucks Debit 8,000 27,000 7,398 171,000 44,000 35,000 Credit $ 35,226 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20,540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 $ 171,000 Answer is not complete. $ $ 8.000 27.000 7.398 42,398 Parine
Transcribed Image Text:Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Current assets Cash Accounts receivable Office supplies $ Total current assets Plant assets Trucks Debit 8,000 27,000 7,398 171,000 44,000 35,000 Credit $ 35,226 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20,540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 $ 171,000 Answer is not complete. $ $ 8.000 27.000 7.398 42,398 Parine
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