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I don't understand where a lot of these entries go on the classified balance sheet and if its acceptable to leave some off. Account Title
I don't understand where a lot of these entries go on the classified balance sheet and if its acceptable to leave some off.
Account Title Debit Credit Cash 8,600 20,500 Accounts receivable Office supplies 6,518 Trucks 179,000 Accumulated depreciation-Trucks 36,874 Land 46,000 Accounts payable 12,600 14,000 41,000 19,000 154,696 Interest payable Long-term notes payable Common stock Retained earnings Dividends 40,000 Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 130,000 23,784 55,577 18,000 10,191 $408,170 $408,170 Totals Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017Step by Step Solution
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