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Account Title Debit Credit Cash $ 6,600 Accounts receivable 23,500 Office supplies 7,260 Trucks 162,000 Accumulated depreciationTrucks $ 33,372 Land 41,000 Accounts payable 10,600 Interest
Account Title | Debit | Credit | ||
Cash | $ | 6,600 | ||
Accounts receivable | 23,500 | |||
Office supplies | 7,260 | |||
Trucks | 162,000 | |||
Accumulated depreciationTrucks | $ | 33,372 | ||
Land | 41,000 | |||
Accounts payable | 10,600 | |||
Interest payable | 15,000 | |||
Long-term notes payable | 61,000 | |||
Common stock | 24,835 | |||
Retained earnings | 99,338 | |||
Dividends | 32,000 | |||
Trucking fees earned | 129,000 | |||
Depreciation expenseTrucks | 21,525 | |||
Salaries expense | 61,908 | |||
Office supplies expense | 6,000 | |||
Repairs expenseTrucks | 11,352 | |||
Totals | $ | 373,145 | $ | 373,145 |
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2015. |
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