Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wilson Trucking Company, adjusted trial balance at December 31 Please complete Wilson Trucking Company's classified balance sheet as of December 31. Account Title Debit Credit
Wilson Trucking Company, adjusted trial balance at December 31
Please complete Wilson Trucking Company's classified balance sheet as of December 31.
Account Title | Debit | Credit |
---|---|---|
Cash | $ 8,000 | |
Accounts receivable | 17,500 | |
Office supplies | 3,000 | |
Trucks | 172,000 | |
Accumulated depreciationTrucks | $ 36,000 | |
Land | 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 | 130,000 | |
Depreciation expenseTrucks | 23,500 | |
Salaries expense | 61,000 | |
Office supplies expense | 8,000 | |
Interest expense | 12,000 | |
Totals | $ 410,000 | $ 410,000 |
rev: 05_12_2021_QC_CS-249618
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started