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undefined Exercise 3-12 Preparing a classified balance sheet LO C3 Credit Debit $ 5,200 18,500 7,068 167,000 $ 34,402 44,000 Account Title Cash Accounts receivable

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Exercise 3-12 Preparing a classified balance sheet LO C3 Credit Debit $ 5,200 18,500 7,068 167,000 $ 34,402 44,000 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 fees earned Depreciation expenseTrucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 9,200 10,000 55,000 18,173 135,500 39,000 126,000 22,189 60, 267 14,000 11,051 $388,275 $388,275 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity Total equity

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