Question
Account Title Debit Credit Cash $ 6,800 Accounts receivable 26,000 Office supplies 7,205 Trucks 151,000 Accumulated depreciationTrucks $ 31,106 Land 47,000 Accounts payable 10,800 Interest
Account Title | Debit |
| Credit | |||
Cash | $ | 6,800 |
|
|
|
|
Accounts receivable |
| 26,000 |
|
|
|
|
Office supplies |
| 7,205 |
|
|
|
|
Trucks |
| 151,000 |
|
|
|
|
Accumulated depreciationTrucks |
|
|
| $ | 31,106 |
|
Land |
| 47,000 |
|
|
|
|
Accounts payable |
|
|
|
| 10,800 |
|
Interest payable |
|
|
|
| 12,000 |
|
Long-term notes payable |
|
|
|
| 38,000 |
|
Common stock |
|
|
|
| 17,000 |
|
Retained earnings |
|
|
|
| 149,867 |
|
Dividends |
| 45,000 |
|
|
|
|
Trucking fees earned |
|
|
|
| 128,000 |
|
Depreciation expenseTrucks |
| 20,063 |
|
|
|
|
Salaries expense |
| 61,439 |
|
|
|
|
Office supplies expense |
| 11,000 |
|
|
|
|
Repairs expenseTrucks |
| 11,266 |
|
|
|
|
Totals | $ | 386,773 |
| $ | 386,773 |
|
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2017.
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