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Need help ( thanks ) ! Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed
Need help ( thanks )
! Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 5,600 16,500 2,000 188,000 $ 38,728 75,000 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 revenue Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 9,600 3,000 52,000 33,842 138,500 19,000 138,000 24,980 64,722 6,000 11,868 $ 413,670 $ 413,670 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $138,500 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 0 Liabilities Equity Total equity 0 S 0Step by Step Solution
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