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Chapter 5 Completing the Accounting Cycle and Classifying Accounts Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet
Chapter 5 Completing the Accounting Cycle and Classifying Accounts Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2005. balanca sheet LOB Accpunts receivable e-Office supplies. Z $ 7,000 16,500 2000 : 170,000 Check figure: Total assets $235,500 . ed amortization, trucks s 35,000 75,000 11,000 3,000- Accounts payable Interest payable Long-term nates payable (due in 4 years) Stanley Hanson, capital Stanley Hanson, withdrawals , 52,000 (130 ao due 200,) 161,000 19,000 128,000 .. i Trucking fees earned 22s0o Amortization expense, trucks Salaries expense. Office supplies expense Repairs expense, trucks.. ta 60,000 7,000 11,000 $390,000 000
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