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Exerclse 3-12 Preparing a classifled balance sheet LO C3 Credit Debit $ 6,408 14,800 6,765 167,000 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 $ 34,402 41, 800 10,400 11,000 52,000 4,317 135,500 26,800 Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120,080 22,189 57,687 16,000 10,578 $367,619 Totals $367,619 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31

Exerclse 3-12 Preparing a classifled balance sheet LO C3 Credit Debit $ 6,408 14,800 6,765 167,000 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 $ 34,402 41, 800 10,400 11,000 52,000 4,317 135,500 26,800 Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120,080 22,189 57,687 16,000 10,578 $367,619 Totals $367,619 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31

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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Exerclse 3-12 Preparing a classifled balance sheet LO C3 Debit $ 6,400 14,000 6,765 167,008 Account Title Credit 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 $ 34,402 41,009 10,400 11,080 52,800 4,317 135,500 26, веа 120,990 22,189 57,687 16,800 10,578 Totals $367,619 $367,519 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets
Transcribed Image Text:Exerclse 3-12 Preparing a classifled balance sheet LO C3 Debit $ 6,400 14,000 6,765 167,008 Account Title Credit 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 $ 34,402 41,009 10,400 11,080 52,800 4,317 135,500 26, веа 120,990 22,189 57,687 16,800 10,578 Totals $367,619 $367,519 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets
Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120, eee 22,189 57, 687 16,000 1e, 578 $367,619 $367,619 Totals Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity Total equity
Transcribed Image Text:Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120, eee 22,189 57, 687 16,000 1e, 578 $367,619 $367,619 Totals Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity Total equity
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