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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 Cash

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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 Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 7,600 16,500 2,000 161,000 $ 33,166 75,000 11,600 3,000 52,000 9,256 139,000 19,000 146,000 21,392 68,474 10,500 12,556 $394,022 $394,022 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 $139,000 at December 31 of the prior year. Assets Current assets Cash Acoounts receivable Office supplies 7,600 16,500 2,000 26,100 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land $ 161,000 33,166 127.834 75.000 202,834 228,934 Total plant assets Total assets $ Liabilities $ Current liabilities Accounts payable Interest payable 11,600 3,000 14,600 Total current liabilities Long-term liabilities Long-term notes payable 52,000 66,600 Total liabilibes Equity 9.256 Common stock Retained earnings Total equity Total liabilities and equity 9.256 75,856 $

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