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Following is the adjusted trial balance of Wilson Trucking Company Account Title Debit Credit Cash $ 5,400 Accounts receivable 29,000 Office supplies 6,573 Trucks 161,000
Following is the adjusted trial balance of Wilson Trucking Company
Account Title | Debit | Credit | ||
Cash | $ | 5,400 | ||
Accounts receivable | 29,000 | |||
Office supplies | 6,573 | |||
Trucks | 161,000 | |||
Accumulated depreciationTrucks | $ | 33,166 | ||
Land | 42,000 | |||
Accounts payable | 9,400 | |||
Interest payable | 20,000 | |||
Long-term notes payable | 60,000 | |||
Common stock | 23,624 | |||
Retained earnings | 94,498 | |||
Dividends | 17,000 | |||
Trucking fees earned | 124,000 | |||
Depreciation expenseTrucks | 21,392 | |||
Salaries expense | 56,046 | |||
Office supplies expense | 16,000 | |||
Repairs expenseTrucks | 10,277 | |||
Totals | $ | 364,688 | $ | 364,688 |
|
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2016
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