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Account Title Debit Credit Cash $ 7,200 Accounts receivable 16,500 Office supplies 7,700 Trucks 155,000 Accumulated depreciation-Trucks $31,930 Land 44,000 Accounts payable 11,200 Interest

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Account Title Debit Credit Cash $ 7,200 Accounts receivable 16,500 Office supplies 7,700 Trucks 155,000 Accumulated depreciation-Trucks $31,930 Land 44,000 Accounts payable 11,200 Interest payable 19,000 Long-term notes payable 44,000 Common stock -9,935 Retained earnings 135,500 Dividends 27,000 Trucking fees earned 130,000 Depreciation expense-Trucks 20,595 Salaries expense 65,660 Office supplies expense 6,000 Repairs expense-Trucks 12,040 Totals $361,695 $361,695 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Total equity Liabilities Equity

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