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Account Title Debit Credit Cash $ 5,000 Accounts receivable 14,500 Office supplies 7,618 Trucks 191,000 Accumulated depreciationTrucks $ 39,346 Land 47,000 Accounts payable 9,000 Interest
Account Title | Debit | Credit | ||
Cash | $ | 5,000 | ||
Accounts receivable | 14,500 | |||
Office supplies | 7,618 | |||
Trucks | 191,000 | |||
Accumulated depreciationTrucks | $ | 39,346 | ||
Land | 47,000 | |||
Accounts payable | 9,000 | |||
Interest payable | 9,000 | |||
Long-term notes payable | 42,000 | |||
K. Wilson, Capital | 188,017 | |||
K. Wilson, Withdrawals | 28,000 | |||
Trucking fees earned | 122,000 | |||
Depreciation expenseTrucks | 25,378 | |||
Salaries expense | 64,956 | |||
Office supplies expense | 14,000 | |||
Repairs expenseTrucks | 11,911 | |||
Totals | $ | 409,363 | $ | 409,363 |
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2015. |
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