[The following information applies to the questions displayed below.] The following adjusted trial balance at December...
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[The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Cash Accounts receivable. Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Account Title Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals Total assets Total liabilities Total liabilities and equity WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Prepare Wilson Trucking Company's classified balance sheet as of December 31. Liabilities Debit $ 9,900 19,400 4,900 191,000 104,000 Equity 21,900 25,400 66,700 9,900 13,900 $ 467,000 Credit $ 37,900 17,700 5,900 67,500 189,000 149,000 $ 467,000 [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Cash Accounts receivable. Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Account Title Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals Total assets Total liabilities Total liabilities and equity WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Prepare Wilson Trucking Company's classified balance sheet as of December 31. Liabilities Debit $ 9,900 19,400 4,900 191,000 104,000 Equity 21,900 25,400 66,700 9,900 13,900 $ 467,000 Credit $ 37,900 17,700 5,900 67,500 189,000 149,000 $ 467,000
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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