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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 Title Cash Accounts receivable Office supplies Trucks Land Accumulated depreciation-Trucks Accounts payable. Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks: Salaries expense Office supplies expense Interest expense Totals Debit Credit $ 9,400 18,900 4,400 186,000 $ 37,400 99,000 16,200 5,400 65,000 37,000 147,000 21,400 144,000 24,900 65,200 9,400 13,400 $ 452,000 $ 452,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $147,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Trucking revenue Assets 144.000
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