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Required information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title
Required information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Land Accumulated depreciation-Trucks Accounts payable Debit $ 8,500 Credit 18,000 3,500 177,000 $ 36,500 90,000 13,500 Interest payable 4,500 Long-term notes payable 60,500 K. Wilson, Capital 175,000 K. Wilson, Withdrawals 20,500 Trucking revenue 135,000 Depreciation expense-Trucks 24,000 Salaries expense 62,500 Office supplies expense 8,500 Interest expense Totals 12,500 $425,000 $425,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Total assets Liabilities Total assets Liabilities Total liabilities Equity Total liabilities and equity
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