The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts...
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The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 10,000 Credit 19,500 5,000 192,000 $ 38,000 105,000 18,000 Accounts payable Interest payable. Long-term notes payable 6,000 68,000 Common stock 40,000 Retained earnings 150,000 Dividends 22,000 Trucking revenue 150,000 Depreciation expense-Trucks 25,500 Salaries expense 67,000 office supplies expense 10,000 Interest expense 14,000 Totals $470,000 $470,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $150,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Current assets Cash Assets 10,000 The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 10,000 Credit 19,500 5,000 192,000 $ 38,000 105,000 18,000 Accounts payable Interest payable. Long-term notes payable 6,000 68,000 Common stock 40,000 Retained earnings 150,000 Dividends 22,000 Trucking revenue 150,000 Depreciation expense-Trucks 25,500 Salaries expense 67,000 office supplies expense 10,000 Interest expense 14,000 Totals $470,000 $470,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31. The Retained Earnings account balance was $150,000 at December 31 of the prior year. WILSON TRUCKING COMPANY Balance Sheet December 31 Current assets Cash Assets 10,000
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