2 Exercise 4-12 Preparing a classified balance sheet LO C3 Credit Debit $ 9,900 27,000 7,288 177,000 $ 36,462 45,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable X. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense Trucks Salaries expense office supplies expense Repairs expense Trucks Totals 13,900 2,000 49,000 173,881 121,000 29,000 23,518 62,142 4,000 11,395 $396,243 $396,243 Check my work mode: This shows what is correct or incorrect 107 the 2 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December Answer is not complete. 12.5 points WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Cash Accounts receivable Salaries expense Office supplies expense Repairs expense-Trucks Total current assets 9.900 27,000 62.142 4,000 11,395 114,437 0 Llabilities $ Accounts payable Interest payable Long-term notes payable Trucking fees samed Total current liabiti 13,900 2.000 49.000 2 121,000 185.900 2 Salaries expense Office supplies expense Repairs expense--Trucks Total current assets 62,142 4,000 11,395 114,437 % 12.5 points 0 Liabilities $ Accounts payable Interest payable Long-term notes payable Trucking fees earned Total current liabilities 13,900 2,000 49,000 121,000 185,900 Equity K. Wilson, Capital K. Wilson, Withdrawals 144.881 Total liabilities and equity $ 144.881