! Required Information Use the following information for the Exercises below. (Algo) [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 Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ 9,000 18,500 4,000 182,000 95,000 21,000 24,500 64,000 9,000 13,000 $ 440,000 Credit $ 37,000 15,000 5,000 63,000 35,000 145,000 140,000 $ 440,000 Exercise 3-22 (Algo) Preparing a classified balance sheet LO C2 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings $145,000 at December 31 of the prior year.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required Information
Use the following information for the Exercises below. (Algo)
[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
Common stock
Retained earnings.
Dividends
Trucking revenue
Depreciation expense-Trucks
Salaries expense
office supplies expense
Interest expense
Totals
Debit
WILSON TRUCKING COMPANY
Balance Sheet
December 31
Assets
$ 9,000
18,500
4,000
182,000
95,000
21,000
24,500
64,000
9,000
13,000
$ 440,000
Credit
$ 37,000
15,000
5,000
63,000
35,000
145,000
140,000
Saved
$ 440,000
Exercise 3-22 (Algo) Preparing a classified balance sheet LO C2
Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings
$145,000 at December 31 of the prior year.
Transcribed Image Text:M Question 4 - to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253 vork Required Information Use the following information for the Exercises below. (Algo) [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 Common stock Retained earnings. Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ 9,000 18,500 4,000 182,000 95,000 21,000 24,500 64,000 9,000 13,000 $ 440,000 Credit $ 37,000 15,000 5,000 63,000 35,000 145,000 140,000 Saved $ 440,000 Exercise 3-22 (Algo) Preparing a classified balance sheet LO C2 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings $145,000 at December 31 of the prior year.
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References
Required information.
Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was
$145,000 at December 31 of the prior year.
Total assets
Total liabilities
WILSON TRUCKING COMPANY
Balance Sheet
December 31
Assets
Total equity
Total liabilities and equity
Liabilities
Equity
2
Transcribed Image Text:4 ts eBook Hint - Print References Required information. Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $145,000 at December 31 of the prior year. Total assets Total liabilities WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Total equity Total liabilities and equity Liabilities Equity 2
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