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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 Debit $8,900 Credit Accounts receivable 16,500 Office supplies 2,000 Trucks 173,000 Accumulated depreciation-Trucks $ 35,638 Land 75,000 Accounts payable 12,988 Interest payable Long-1 g-term notes payable 3,088 52,000 Common stock 29,732 Retained earnings 139,588 Dividends 19,000 Trucking revenue 111,580 Depreciation expense-Trucks 22,987 Salaries expense 52,294 Office supplies expense 5,000 Repairs expense-Trucks 9,589 Totals $384,278 $ 384,270 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 $139,500 at December 31 of the prior year. Current accets Cash Accounts receivable Office supplies WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ 8,900 16,500 2,000 Total current assets $ 27,400 Current accets Current labilec Accounts payable Interest payable Long-term notes payable Long-term abilities Total equity Liabilities Equity $
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