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Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 6,400 Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land
Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 6,400 Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land 24,500 8,030 195,000 $ 40,170 49,000 Accounts payable Interest payable 10,400 14,000 Long-term notes payable 42,000 K. Wilson, Capital 202,300 K. Wilson, Withdrawals 33,000 Trucking fees earned 129,000 Depreciation expense-Trucks 25,918 Salaries expense 68,474 Office supplies expense 15,000 Repairs expense-Trucks Totals 12,556 $437,878 $437,870 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.
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