Account Title Debit Credit Cash Accounts receivable office supplies Trucks $ 7, 200 19,500 6,160 167,000 Accumulated depreciation-Trucks $ 34,402 Land 44,000 Accounts payable Interest payable Long-term notes payable 11, 200 3,000 32,000 19,607 136,000 Common stock Retained earnings Dividends 27,000 Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 126,000 22,189 52,528 7,000 9,632 Totals $362,209 $362, 209 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.
Account Title Debit Credit Cash Accounts receivable office supplies Trucks $ 7, 200 19,500 6,160 167,000 Accumulated depreciation-Trucks $ 34,402 Land 44,000 Accounts payable Interest payable Long-term notes payable 11, 200 3,000 32,000 19,607 136,000 Common stock Retained earnings Dividends 27,000 Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 126,000 22,189 52,528 7,000 9,632 Totals $362,209 $362, 209 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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