Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as
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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.
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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 Debit Credit $ 13,000 29,600 3,100 170,000 275,000 19,000 $ 46,000 31,000 400 152,000 206,200 168,000 22,500 58,000 6,500 6,900 $603,600 $603,600
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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