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Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Account Title Debit Credit $ 7,700 26,500 7,150 184,000 $ 37,904 50,000 11,700
Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Account Title Debit Credit $ 7,700 26,500 7,150 184,000 $ 37,904 50,000 11,700 Interest payable 5,000 Long-term notes payable 66,000 Common stock 39,344 Retained earnings 137,000 Dividends 36,000 Trucking fees earned 130,000 Depreciation expense-Trucks 24,448 Salaries expense 60,970 Office supplies expense 19,000 Repairs expense-Trucks 11,180 Totals $426,948 $426,948 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 0
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