Question
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Account Title Cash Accounts
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation, trucks Land Accounts payable Interest payable Long-term notes payable (due in 4 years) Stanley Hanson, capital Stanley Hanson, withdrawals Trucking revenue Depreciation expense, trucks Salaries expense Office supplies expense Repairs expense, trucks Total Required: Prepare a classified balance sheet. Current assets: HANSON TRUCKING COMPANY Balance Sheet December 31, 2020 Assets Total current assets Property, plant and equipment: Debit $ 13,900 Credit 30,500 4,000 179,000 $ 46,900 284,000 31,900 490 161,000 215,110 19,900 177,000 23,400 62,500 7,400 7,800 $632,400 $632,400 $ 0 Current assets: HANSON TRUCKING COMPANY Balance Sheet December 31, 2020 Assets Total current assets Property, plant and equipment: Total property, plant and equipment Total assets Current liabilities: Total current liabilities Non-Current Liabilities: Total non-current liabilities: Total liabilities Total liabilities and equity $ 0 $ 0 Liabilities $ 0 SASA $ 0 $ 0 Equity $ 0
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