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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 $ 13,900 Accounts receivable 30,500 Office supplies 4,000 Trucks 179,000 Accumulated depreciation, trucks $ 46,900 Land 284,000 Accounts payable 31,900 Interest payable 490 Long-term notes payable (due in 4 years) 161,000 Stanley Hanson, capital 215,110 Stanley Hanson, withdrawals 19,900 Trucking revenue 177,000 Depreciation expense, trucks 23,400 Salaries expense 62,500 Office supplies expense 7,400 Repairs expense, trucks 7,800 Total $ 632,400 $ 632,400 Required: Prepare a classified balance sheet
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