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! Required information (The following information applies to the questions displayed below.) The following adjusted year-end trial balance at December 31 of Wilson Trucking Company.
! Required information (The following information applies to the questions displayed below.) The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. 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 Debit Credit $ 7,000 16,500 2,000 173,000 $ 35,638 75,000 11,000 3,000 52,000 24,102 137,500 19,000 145,500 22,987 68,240 12,500 12,513 $408,740 $408, 740 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 $137,500 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 0 Liabilities Equity Total equity 0 $
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