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Account Title Debit Credit Cash $ 6,200 Accounts receivable 19,500 Office supplies 6,408 Trucks 188,000 Accumulated depreciationTrucks $ 38,728 Land 43,000 Accounts payable 10,200 Interest
Account Title | Debit | Credit | ||||
Cash | $ | 6,200 | ||||
Accounts receivable | 19,500 | |||||
Office supplies | 6,408 | |||||
Trucks | 188,000 | |||||
Accumulated depreciationTrucks | $ | 38,728 | ||||
Land | 43,000 | |||||
Accounts payable | 10,200 | |||||
Interest payable | 17,000 | |||||
Long-term notes payable | 40,000 | |||||
Common stock | 16,000 | |||||
Retained earnings | 145,818 | |||||
Dividends | 31,000 | |||||
Trucking fees earned | 124,000 | |||||
Depreciation expenseTrucks | 24,980 | |||||
Salaries expense | 54,639 | |||||
Office supplies expense | 8,000 | |||||
Repairs expenseTrucks | 10,019 | |||||
Totals | $ | 391,746 | $ | 391,746 | ||
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2017.
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