ork part B: Closing Entries Saved Exercise 3-12 Preparing a classified balance sheet LO C3 Account Title Cash Accounts receivable Debit $ 8,000 Credit Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable 17,500 3,000 172,000 $ 36,000 85,000 12,000 Interest payable 4,000 Long-term notes payable 58,000 Common stock 15,000 Retained earnings 155,000) Dividends 20,000 Trucking fees earned i 130,000 Depreciation expense-Trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Repairs expense-Trucks 12,000 Totals $410,000 $410,000 Help Save 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 Assets < Prev 15 of 17 Next > C