Prepare Wilson Trucking Company's classified balance sheet as of December 31.

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 information applies to the questions displayed below.]
The following adjusted trial balance at December 31 of Wilson Trucking Company.
Account Title
Cash
Accounts receivable
Office supplies
Trucks
Accumulated depreciation-Trucks
Land
Accounts payable
Interest payable
Long-term notes payable
K. Wilson, Capital
K. Wilson, Withdrawals
Trucking revenue
Depreciation expense-Trucks
Salaries expense
Office supplies expense
Interest expense
Totals
Debit
WILSON TRUCKING COMPANY
Balance Sheet
December 31
Assets
$ 8,300
17,800
3,300
175,000
88,000
20,300
23,800
61,900
8,300
12,300
$ 419,000
Credit
$36,300
12,900
4,300
59,500
173,000
133,000
$ 419,000
Prepare Wilson Trucking Company's classified balance sheet as of December 31.
Prey
17
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Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals Debit WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ 8,300 17,800 3,300 175,000 88,000 20,300 23,800 61,900 8,300 12,300 $ 419,000 Credit $36,300 12,900 4,300 59,500 173,000 133,000 $ 419,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. Prey 17 ទ 18
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