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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
! 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 Debit $ 7,200 Credit 16,500 2,000 199,000 $ 40,994 75,000 11,200 Interest payable Long-term notes payable Common stock Retained earnings Dividends 3,000 52,000 52,655 137,000 19,000 Trucking revenue Salaries expense 126,500 Depreciation expense-Trucks 26,441 59,329 Office supplies expense 8,000 Repairs expense-Trucks 10,879 Totals $ 423,349 $ 423,349 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 $137,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Total equity Equity
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