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[The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title
[The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Debit $ 8,000 Credit 17,500 Office supplies Trucks Accumulated depreciation-Trucks Land 3,000 172,000 $ 36,000 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 58,000 Common stock 15,000 Retained earnings 155,000 Dividends 20,000 Trucking revenue 130,000 Depreciation expense-Trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Repairs expense-Trucks 12,000 Totals $410,000 $410,000 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 $155,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Next > Required information Liabilities Equity
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