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Credit Debit $ 6,900 28,500 6,903 158,000 $ 32,548 44,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable
Credit Debit $ 6,900 28,500 6,903 158,000 $ 32,548 44,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expenseTrucks Salaries expense office supplies expense Repairs expense-Trucks Totals 10,900 20,000 39,000 -4,999 137,500 12,000 120,000 20,993 58,860 8,000 10,793 $354,949 $ 354,949 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 Current assets $ 6,900 Cash Accounts receivable Office supplies 28,500 6,903 Total current assets $ 42,303 Plant assets $ 158,000 Trucks Accumulated depreciation-Trucks 32,548 125,452 Land 44,000 Total plant assets Total assets 169,452 211,755 $ Liabilities Current liabilities Accounts payable Interest payable $ 10,900 20,000 30,900 Total current liabilities Long-term liabilities Long-term notes payable 39,000 Total liabilities 69,900 Equity (4,999) Common stock Retained earnings ONLY MISSING AMOUNT FOR RETAINED EARNINGS Total equity Total liabilities and equity 132,501 202,401 $
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