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need help with asset, liability, equity Exercise 3-9 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash 9,200 28,000 7,123 191,000 Accounts
need help with asset, liability, equity
Exercise 3-9 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash 9,200 28,000 7,123 191,000 Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks $ 39,346 Land 43,000 Accounts payable Interest payable Long-term notes payable Common stock 13,200 5,000 46,000 16,000 171,028 Retained earnings Dividends 35,000 Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks 123,000 25,378 60,736 3,000 11,137 Totals $413,574 $413,574 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017 WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets Step by Step Solution
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