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everything on here is correct, but i cannot find the answer to the rearined earnings box and $137,500 is incorrect Exercise 3-12 Preparing a classified
everything on here is correct, but i cannot find the answer to the rearined earnings box and $137,500 is incorrect
Exercise 3-12 Preparing a classified balance sheet LO C3 Account Title Credit Debit $ 9,500 Cash Accounts receivable Office supplies 17,500 7,370 Trucks 197,000 Accumulated depreciation-Trucks $ 40,582 Land 50,000 13,500 Accounts payable Interest payable 11,000 Long-term notes payable 49,000 Common stock 61,333 Retained earnings Dividends 137,500 47,000 Trucking fees earned. 128,000 Depreciation expense-Trucks 26,175 Salaries expense 62,846 Office supplies expense 12,000 11,524 Repairs expense-Trucks Totals $440,915 $440,915 Use the above adjusted trial balance to prepare Wilson Trucking Company's classi WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash $ 9,500 Accounts receivable 17,500 Office supplies 7,370 0 Step by Step Solution
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