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Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2023. Account Title Debit Credit
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2023.
Account Title | Debit | Credit | ||||
Cash | $ | 13,300 | ||||
Accounts receivable | 29,900 | |||||
Office supplies | 3,400 | |||||
Trucks | 173,000 | |||||
Accumulated depreciation, trucks | $ | 46,300 | ||||
Land | 278,000 | |||||
Accounts payable | 31,300 | |||||
Interest payable | 430 | |||||
Long-term notes payable (due in 4 years) | 155,000 | |||||
Stanley Hanson, capital | 209,170 | |||||
Stanley Hanson, withdrawals | 19,300 | |||||
Trucking revenue | 171,000 | |||||
Depreciation expense, trucks | 22,800 | |||||
Salaries expense | 59,500 | |||||
Office supplies expense | 6,800 | |||||
Repairs expense, trucks | 7,200 | |||||
Total | $ | 613,200 | $ | 613,200 | ||
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