Question: Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Cash Accounts receivable Debit $8,700 28,000 Credit office supplies 6,903 Trucks 177,000 Accumulated

Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title CashAccounts receivable Debit $8,700 28,000 Credit office supplies 6,903 Trucks 177,000 Accumulateddepreciation-Trucks $ 36,462 Land Accounts payable 42,000 12,700 Interest payable 12,000 Long-termnotes payable 68,000 K. Milson, Capital 151,612 K. Wilson, withdrawals 41,000 Trucking

Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Cash Accounts receivable Debit $8,700 28,000 Credit office supplies 6,903 Trucks 177,000 Accumulated depreciation-Trucks $ 36,462 Land Accounts payable 42,000 12,700 Interest payable 12,000 Long-term notes payable 68,000 K. Milson, Capital 151,612 K. Wilson, withdrawals 41,000 Trucking fees earned 128,000 Depreciation expense-Trucks 23,518 Salaries expense 55,560 office supplies expense 12,000 Repairs expense-Trucks 10,793 Totals $406,774 $400,774 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31 JL.COM.TRUCKING COMPANY. Check my work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!