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Following is the adjusted trial balance of Wilson Trucking Company Account Title Debit Credit Cash $ 6,800 Accounts receivable 12,500 Office supplies 6,435 Trucks 178,000
Following is the adjusted trial balance of Wilson Trucking Company
Account Title | Debit | Credit | ||
Cash | $ | 6,800 | ||
Accounts receivable | 12,500 | |||
Office supplies | 6,435 | |||
Trucks | 178,000 | |||
Accumulated depreciationTrucks | $ | 36,668 | ||
Land | 49,000 | |||
Accounts payable | 10,800 | |||
Interest payable | 9,000 | |||
Long-term notes payable | 70,000 | |||
Common stock | 26,571 | |||
Retained earnings | 106,282 | |||
Dividends | 40,000 | |||
Trucking fees earned | 125,000 | |||
Depreciation expenseTrucks | 23,651 | |||
Salaries expense | 54,873 | |||
Office supplies expense | 3,000 | |||
Repairs expenseTrucks | 10,062 | |||
Totals | $ | 384,321 | $ | 384,321 |
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2016. I figured out all the answers except for figuring out retained earnings. |
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