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Account Title Debit Credit Cash $ 8,500 Accounts receivable 23,000 Office supplies 7,508 Trucks 196,000 Accumulated depreciationTrucks $ 40,376 Land 45,000 Accounts payable 12,500 Interest
Account Title | Debit | Credit | ||||
Cash | $ | 8,500 | ||||
Accounts receivable | 23,000 | |||||
Office supplies | 7,508 | |||||
Trucks | 196,000 | |||||
Accumulated depreciationTrucks | $ | 40,376 | ||||
Land | 45,000 | |||||
Accounts payable | 12,500 | |||||
Interest payable | 17,000 | |||||
Long-term notes payable | 60,000 | |||||
K. Wilson, Capital | 160,932 | |||||
K. Wilson, Withdrawals | 25,000 | |||||
Trucking fees earned | 122,000 | |||||
Depreciation expenseTrucks | 26,043 | |||||
Salaries expense | 64,018 | |||||
Office supplies expense | 6,000 | |||||
Repairs expenseTrucks | 11,739 | |||||
Totals | $ | 412,808 | $ | 412,808 | ||
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2017.
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