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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 Accumulated depreciation-Trucks Land Debit $ 8,100 17,600 Credit 3,100. 173,000 $ 36,100 86,000 Accounts payable Interest payable 12,300 4,100 Long-term notes payable 58,500 Common stock 30,500 Retained earnings 140,500 Dividends 20,100 Trucking revenue 131,000 Depreciation expense-Trucks 23,600 Salaries expense 61,300 office supplies expense 8,100 Interest expense Totals 12,100 $ 413,000 $ 413,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $140,500 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets + Total assets Liabilities 0 Total assets Liabilities Total liabilities Total equity Total liabilities and equity Equity 0 $ 0
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