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Credit Debit $ 7,900 11,500 6,380 162,800 $ 33,372 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term

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Credit Debit $ 7,900 11,500 6,380 162,800 $ 33,372 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 expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 50,000 11,900 12,000 35,000 9,913 135, see 25,000 127,000 21,525 54,404 16,000 9,976 $364,685 $364,685 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 Cash Accounts receivable Office supplies Trucking fees earned Accumulated depreciation-Trucks Total current assets Current assets X X 7,900 11,500 6,380 162,000 X 33,372 X 221,152 X $ 0 Liabilities Current liabilities Common stock x Liabilities Current liabilities S Common stock Equity 0 Total equity S 0

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