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Having a hard time figuring out equity, k. Wilson capital balance. Please help. Exercise 4-12 Preparing a classified balance sheet LO C3 6.66 Account Title

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Having a hard time figuring out equity, k. Wilson capital balance. Please help.

image text in transcribed
Exercise 4-12 Preparing a classified balance sheet LO C3 6.66 Account Title Debit Credit points Cash $ 5,000 Accounts receivable 12, 500 Office supplies 7, 095 Trucks 172, 000 Accumulated depreciation-Trucks $ 35, 432 Land 47, 000 Accounts payable 9 , 000 Interest payable 6, 000 Long-term notes payable 62, 000 K. Wilson, Capital 166, 612 K. Wilson, Withdrawals 44, 000 Trucking fees earned 122, 000 Depreciation expense-Trucks 22, 854 Salaries expense 60, 501 Office supplies expense 19, 000 Repairs expense-Trucks 11, 094 Totals $401, 044 $401, 044 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31

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