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 $ 8,400 17,900 3,400 176,000 89,000 Credit $ 36,400 13,200 4,400 60,000 174,000 134,000 20,400 23,900 62,200 8,400 12,400 $ 422,000 $ 422,000 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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vishu

subject-Accounting

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
$ 8,400
17,900
3,400
176,000
89,000
20,400
23,900
62,200
Credit
$36,400
13,200
4,400
60,000
174,000
134,000
8,400
12,400
$ 422,000 $ 422,000
Prepare Wilson Trucking Company's classified balance sheet as of December 31.
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 $ 8,400 17,900 3,400 176,000 89,000 20,400 23,900 62,200 Credit $36,400 13,200 4,400 60,000 174,000 134,000 8,400 12,400 $ 422,000 $ 422,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31.
Required information
Total assets
Total liabilities
Total liabilities and equity
Balance Sheet
December 31
Assets
Liabilities
Equity
0
Transcribed Image Text:Required information Total assets Total liabilities Total liabilities and equity Balance Sheet December 31 Assets Liabilities Equity 0
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