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Account Title Debit Credit Cash $ 7,000 Accounts receivable 14,500 Office supplies 6,270 Trucks 178,000 Accumulated depreciationTrucks $ 36,668 Land 48,000 Accounts payable 11,000 Interest
Account Title | Debit | Credit | ||
Cash | $ | 7,000 | ||
Accounts receivable | 14,500 | |||
Office supplies | 6,270 | |||
Trucks | 178,000 | |||
Accumulated depreciationTrucks | $ | 36,668 | ||
Land | 48,000 | |||
Accounts payable | 11,000 | |||
Interest payable | 19,000 | |||
Long-term notes payable | 59,000 | |||
K. Wilson, Capital | 146,023 | |||
K. Wilson, Withdrawals | 45,000 | |||
Trucking fees earned | 120,000 | |||
Depreciation expenseTrucks | 23,651 | |||
Salaries expense | 53,466 | |||
Office supplies expense | 6,000 | |||
Repairs expenseTrucks | 9,804 | |||
Totals | $ | 391,691 | $ | 391,691 |
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2013. |
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