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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![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
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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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