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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

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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 Debit Credit Cash $ 8,000 Accounts receivable 17,500 ottice supplies 3,000 Truck 172,000 Accumulated depreciation-Trucks $ 36,000 Land 85,000 Accounts payable 12,000 Interent payable 4,000 Long-term notes payable 58,000 Common stock 30,000 Retained earnings 140,000 Dividends 20,000 Trucking revenue 130,000 Depreciation expense Trucks 23,500 Salaries expense 61,000 office supplies expense 8,000 Interest expense 12,000 Totals $ 410,000 $ 410,000 nces Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $140,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets

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