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5 1.66 points Account Title Debit Credit Cash $ 5,200 Accounts receivable 15,500 Office supplies 6,828 Trucks Accumulated depreciation-Trucks 153,000 $ 31,518 Land 46,000
5 1.66 points Account Title Debit Credit Cash $ 5,200 Accounts receivable 15,500 Office supplies 6,828 Trucks Accumulated depreciation-Trucks 153,000 $ 31,518 Land 46,000 Accounts payable 9,200 Interest payable 15,000 Long-term notes payable 63,000 Common stock -32,049 Retained earnings 138,000 Dividends 16,000 Trucking fees earned 122,000 Depreciation expense-Trucks 20,329 Salaries expense 58,156 Office supplies expense 15,000 Repairs expense-Trucks 18,664 Totals $346,660 $346,669 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Current accats Cash Accounts receivable Office supplies Total current assets Plant accets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Current abilities Accounts payable Interest payable Total current liabilities Long-term labies Long-term notes payable Total liabilities Common stock Retained earnings Total equity Total liabilities and equity Assets Liabilities 5,200 15,500 6,820 $ 27,520 153,000 4 153,000 46,000 199,000 226,520 $ 9,200 15,000 24,200 63,000 87,200 Equity (32,049) 139,851 107,802 196,002
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