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! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) The following adjusted trial

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! Required information Use the following information for the Exercises below. (Algo) [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 $ 9,600 Accounts receivable 19, 100 Office supplies 4,600 Trucks 188,000 Accumulated depreciation-Trucks $ 37,600 Land 101,000 Accounts payable 16,800 Interest payable 5,600 Long-term notes payable 66,000 Common stock 38,000 Retained earnings 148,000 Dividends 21,600 Trucking revenue 146,000 Depreciation expense-Trucks 25,100 Salaries expense 65,800 Office supplies expense 9,600 Interest expense 13,600 Totals $ 458,000 $ 458,000 Exercise 3-22 (Algo) Preparing a classified balance sheet LO C2 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $148,000 at December 31 of the prior year. Required information WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 0 Total assets Liabilities Total liabilities Equity $ 0 Total equity Total liabilities and equity

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