Question: Exercise 4-12 Preparing a classified balance sheet LO C3 points eBook Print Account Title Debit Credit Cash $ 8,700 Accounts receivable 11,500 Office supplies 7,260

Exercise 4-12 Preparing a classified balance sheet LO C3 points eBook Print Account Title Debit Credit Cash $ 8,700 Accounts receivable 11,500 Office supplies 7,260 Trucks 166,000 Accumulated depreciation- $34,196 Trucks Land 49,000 Accounts payable 12,700 Interest payable 14,000 Long-term notes payable 65,000 K. Wilson, Capital 118,880 K. Wilson, Withdrawals 23,000 Trucking fees earned 129,000 Depreciation expense-Trucks 22,056 Salaries expense 61,908 office supplies expense 13,000 Repairs expense-Trucks 11.352 Totals 373,776 373,776 Reference Use the above adjusted trial balance to prepare Wison Trucking Company's classified balance sheet as of December 31, 2017 WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets Totals 373,776 373,776 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017 WILSON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets once Liabilities Equity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
