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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 $ 6,300 16,500 2,000 197,000 $ 40,582 75,000 10,300 3,000 52,000 57,531 137,000 19,000 112,500 26,175 52,763 8,500 9,675 $412,913 $412,913 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. 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 Equity Total equity
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