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Exercise 3-9 Preparing a classified balance sheet LO C3 Account Title Debit Credit $8,000 17,500 3,000 172,000 Cash Accounts receivable Office supplies Trucks $ 36,000
Exercise 3-9 Preparing a classified balance sheet LO C3 Account Title Debit Credit $8,000 17,500 3,000 172,000 Cash Accounts receivable Office supplies Trucks $ 36,000 Accumulated depreciation-Trucks Land 85,000 Accounts payable Interest payable Long-term notes payable Common stock 12,000 4,000 53,000 20,000 155,000 Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 Totals Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017. WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets Liabilities Equity 0
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