Exercise 3-9 Preparing a classified balance sheet LO C3

WILSON TRUCKING COMPANY
Balance Sheet
December 31, 2017
Assets
Liabilities
Equity

Exercise 3-9 Preparing a classified balance sheet LO C3 Account Title Debit Credit $ 8,00e 17, 500 3,000 172,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks alaries expense Office supplies expense Repairs expense-Trucks Totals $ 36,000 85,000 12,000 4,000 53,000 20,000 155,000 26,000 130,000 23,500 61,000 8,000 12,000 _ $410,000 $410,000 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017