The following adjusted trial balance as of December 31 of Wilson Trucking Company. The balance in the retained earnings account was $149,000 as of December 31 of the prior year .

account title	Debit	Credit
Money	$ 9,800
accounts receivable	19,300
Office supplies	4.800
trucks	190.000
Accumulated Depreciation—Trucks		$ 37,800
Tierra	103,000
Accounts payable		17,400
interest to pay		5,800
Long-term notes payable		67,000
Common actions		39,000
Retained earnings		149,000
dividends	21,800
trucking revenue		148.000
Depreciation Expense—Trucks	25,300
salary expenses	66,400
office supplies expenses	9,800
Interest expenses	13,800
Totals	$ 464,000	$ 464,000

Prepare the classified balance sheet for Wilson Trucking Company as of December 31.

Answer rating: 100% (QA)

Step 1 Financial statements These are statements prepared ... View the full answer