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Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31. Account Title Cash Accounts receivable Office supplies
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
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 expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 5,600 10,000 8,058 178,000 $ 36,668 43,000 9,600 5,000 56,000 2,849 137,500 13,000 127,000 23,651 68,709 12,000 12,599 $374,617 $374,617 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 0 Liabilities Equity Total equity 0 0 $Step by Step Solution
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