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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.

image text in transcribed

WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets Liabilities Equity

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