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Complete Wilson Trucking Company's classified balance sheet as of December 31. The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title
Complete Wilson Trucking Company's classified balance sheet as of December 31.
The following adjusted trial balance at December 31 of Wilson Trucking Company.
Account Title | Debit | Credit |
---|---|---|
Cash | $ 8,000 | |
Accounts receivable | 17,500 | |
Office supplies | 3,000 | |
Trucks | 172,000 | |
Accumulated depreciationTrucks | $ 36,000 | |
Land | 85,000 | |
Accounts payable | 12,000 | |
Interest payable | 4,000 | |
Long-term notes payable | 58,000 | |
K. Wilson, Capital | 170,000 | |
K. Wilson, Withdrawals | 20,000 | |
Trucking revenue | 130,000 | |
Depreciation expenseTrucks | 23,500 | |
Salaries expense | 61,000 | |
Office supplies expense | 8,000 | |
Interest expense | 12,000 | |
Totals | $ 410,000 | $ 410,000 |
rev: 05_12_2021_QC_CS-249618
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