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Need help finding what I'm MISSING in this problem Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term
Need help finding what I'm MISSING in this problem
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 $ 8,000 17,500 3,000 172,000 $ 36,000 85,000 12,000 4,000 58,000 15,000 155,000 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash $. 8,000 Accounts receivable 17,500 3,000 Office supplies $ 28,500 Total current assets Plant assets Trucks S 172,000 36,000 Accumulated depreciationTrucks Land 136,000 85,000 221,000 249,500 Total plant assets Total assets $ Liabilities $ Accounts payable Interest payable 12,000 > > 4,000 Total current liabilities 16,000 Long-term liabilities Long-term notes payable > 58,000 74,000 Total liabilities 10,000 Long-term liabilities Long-term notes payable 58,000 Total liabilities 74,000 Equity Common stock 15,000 160,500 Retained earnings Total equity Total liabilities and equity 175,500 $ 249,500
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