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Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Credit Debit $ 12,700
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Credit Debit $ 12,700 29, 308 2,800 167,000 $ 45,700 272,000 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 30,700 370 149, see 293,230 18,708 165, Bee 22, 208 56,500 6, 208 6,608 $594,000 $594,800 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash Accounts receivable Office supplies Current liabilities Trucks Accumulated depreciation-Trucks Land 0 Liabilities Equity
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