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Account Title Debit Credit Cash $ 9,700 Accounts receivable 24,500 Office supplies 7,013 Trucks 166,000 Accumulated depreciationTrucks $ 34,196 Land 48,000 Accounts payable 13,700 Interest
Account Title | Debit | Credit | ||||
Cash | $ | 9,700 | ||||
Accounts receivable | 24,500 | |||||
Office supplies | 7,013 | |||||
Trucks | 166,000 | |||||
Accumulated depreciationTrucks | $ | 34,196 | ||||
Land | 48,000 | |||||
Accounts payable | 13,700 | |||||
Interest payable | 10,000 | |||||
Long-term notes payable | 49,000 | |||||
Common stock | 17,000 | |||||
Retained earnings | 152,136 | |||||
Dividends | 39,000 | |||||
Trucking fees earned | 126,000 | |||||
Depreciation expenseTrucks | 22,056 | |||||
Salaries expense | 59,798 | |||||
Office supplies expense | 15,000 | |||||
Repairs expenseTrucks | 10,965 | |||||
Totals | $ | 402,032 | $ | 402,032 | ||
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2017.
WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets Liabilities EquityStep by Step Solution
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