Exercise 3-12 Preparing a classified balance sheet LO C3

Account Title	Debit			Credit
Cash	$	6,700
Accounts receivable		21,000
Office supplies		8,113
Trucks		191,000
Accumulated depreciationTrucks				$	39,346
Land		44,000
Accounts payable					10,700
Interest payable					8,000
Long-term notes payable					57,000
Common stock					58,008
Retained earnings					138,000
Dividends		39,000
Trucking fees earned					124,000
Depreciation expenseTrucks		25,378
Salaries expense		69,178
Office supplies expense		18,000
Repairs expenseTrucks		12,685
Totals	$	435,054		$	435,054

Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.