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The following adjusted year-end balance at December 31 of Wilson Trucking Company. Account Title Debit / Credit Cash $9300 Accounts Receivable 16,500 Office Supplies 2,000

The following adjusted year-end balance at December 31 of Wilson Trucking Company.

Account Title Debit / Credit

Cash $9300

Accounts Receivable 16,500

Office Supplies 2,000

Trucks 170,000

Accumulated depreciation-trucks $35,020

Land 75,000

Accounts payable 13,300

Interest payable 3,000

Long-term notes payable 52,000

Common stock 32,228

Retained earnings 137,000

Dividends 19,000

Trucking revenue 112,000

Depreciation expense-Trucks 22,588

Salaries expense 52,528

Office supplies expense 8,000

Repairs expense-Trucks 9,632

Totals $384,548 $384,548

Required:

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 $137,000 at December 31 of the prior year.

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