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Prepare a Classified Balance Sheet I need help with this balance sheet please. Credit Debit $ 8,500 11,500 6,903 162,000 $ 33,372 40,000 Account Title
Prepare a Classified Balance Sheet
I need help with this balance sheet please.
Credit Debit $ 8,500 11,500 6,903 162,000 $ 33,372 40,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks 12,500 9,000 66,000 104,209 18,000 127,000 21,525 58,860 14,000 10,793 $352,081 Totals $352,081 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. X Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Cash $ 8,500 11,500 Accounts receivable Office supplies Oool 6,903 0 ololol 0 26,903 Total current assets Plant assets Trucks $ 162,000 33,372 128,628 Accumulated depreciationTrucks Land Total plant assets Total assets 40,000 168,628 195,531 $ Liabilities Current liabilities Accounts payable Interest payable $ 12,500 9,000 21,500 Total current liabilities Long-term liabilities Long-term notes payable 66,000 Total liabilities 87,500 Equity K. Wilson, Capital 91,321 Total liabilities and equity $ 178,821Step by Step Solution
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