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Account Title Debit Credit Cash $ 6,300 Accounts receivable 27,000 Office supplies 7,975 Trucks 192,000 Accumulated depreciationTrucks $ 39,552 Land 44,000 Accounts payable 10,300 Interest
Account Title Debit Credit Cash $ 6,300 Accounts receivable 27,000 Office supplies 7,975 Trucks 192,000 Accumulated depreciationTrucks $ 39,552 Land 44,000 Accounts payable 10,300 Interest payable 15,000 Long-term notes payable 60,000 K. Wilson, Capital 186,409 K. Wilson, Withdrawals 40,000 Trucking fees earned 126,000 Depreciation expenseTrucks 25,511 Salaries expense 68,005 Office supplies expense 14,000 Repairs expenseTrucks 12,470 Totals $ 437,261 $ 437,261 Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
Account Title Debit Credit
Cash $ 6,300
Accounts receivable 27,000
Office supplies 7,975
Trucks 192,000
Accumulated depreciationTrucks $ 39,552
Land 44,000
Accounts payable 10,300
Interest payable 15,000
Long-term notes payable 60,000
K. Wilson, Capital 186,409
K. Wilson, Withdrawals 40,000
Trucking fees earned 126,000
Depreciation expenseTrucks 25,511
Salaries expense 68,005
Office supplies expense 14,000
Repairs expenseTrucks 12,470
Totals $ 437,261 $ 437,261
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0697789938
