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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 Cash Debit $ 8,000 Credit Accounts receivable Office supplies Trucks Land 17,500 3,000 172,000 Accumulated depreciation-Trucks $ 36,000 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 58,000 K. Wilson, Capital 170,000 K. Wilson, Withdrawals 20,000 Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals 130,000 23,500 61,000 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. Current assets WILSON TRUCKING COMPANY Balance Sheet December 31 Assets
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