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Use the following information for the Exercises below. [The following information applies to the questions displayed below] The following adjusted trial balance at December
Use the following information for the Exercises below. [The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company Account Title Debit Credit Cash $8,000 Accounts receivable 17.500 office supplies 3,000 Trucks 172,000 Accumulated depreciation-Trucks $36,000 Land $5,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 58,000 K. Wilson, Capital 170,000 x. Wilson, Mithdrawals 20,000 Trucking revenue 130,000 Depreciation expense-Trucks 23,500 Salaries expense $1,000 office supplies expense Interest expense Totals 8,000 12,000 $410,000 $410,000 Exercise 4-11 (Static) Preparing a classified balance sheet LO C1 Prepare Wilson Trucking Company's classified balance sheet as of December 31 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Total assets Liabilities Total liabilities Equity Total liabilities and equity
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