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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
Required information (The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Tille Debit Credit Cash $9,500 Accounts receivable 19,000 office supplie 4,500 Trucke 187,000 Accumulated depreciation-Trucks $37,500 Land 100,000 Accounts payable 16,500- Interest payable Long-term notes payable 5,500 65,500 Common stock 37,500 Betained earsing 147,500 Dividends 21,500 Trucking revenue 145,000 Depreciation expense-trucks 25,000 Salaries expense 65,500 office supplies expense 9,500 Interest expense Totals 13,500 $455,000 $455,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $147,500 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash Accounts receivable Office supplies Tolal carent assets Total assets Lib Tural abilles Total egity Total labies and equity Equity
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