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Business
Accounting
Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 17,500 3,900 179,000 82,200 $ 41,000 12,300 3,700 61,000 20,600 151,000

Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 17,500 3,900 179,000 82,200 $ 41,000 12,300 3,700 61,000 20,600 151,000

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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The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company. Debit $ 7,300 17,500 3,900 179,000 82,200 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals WILSON TRUCKING COMPANY Balance Sheet December 31, 2018 Assets Liabilities Equity Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2018. $ $ Credit 0 $ 41,000 19,000 22,600 68,000 8,200 12,900 $420,600 $420,600 0 0 12,300 3,700 61,000 20,600 151,000 131,000
Transcribed Image Text:The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company. Debit $ 7,300 17,500 3,900 179,000 82,200 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals WILSON TRUCKING COMPANY Balance Sheet December 31, 2018 Assets Liabilities Equity Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2018. $ $ Credit 0 $ 41,000 19,000 22,600 68,000 8,200 12,900 $420,600 $420,600 0 0 12,300 3,700 61,000 20,600 151,000 131,000
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