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Having a hard time filling out this balance sheet and i can't seem to get the net income and thats throwing me off Account Title
Having a hard time filling out this balance sheet and i can't seem to get the net income and thats throwing me off
Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 6,500 11,000 6,490 173,000 $ 35,638 45,000 10,500 8,000 67,000 -171 136,500 33,000 121,000 22,987 55,342 15,000 10,148 $378,467 $378,467 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 AssetsStep by Step Solution
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