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

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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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
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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