Use the adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31

 

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Account Title 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 Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit $ 3,500 27,500 6,700 166,000 82,000 Credit $ 34,000 8,000 4,000 59,000 16,000 140, 200 19,000 22,100 50,000 9,000 9,400 $395,200 $395,200 134,000 Account Title 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 Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit $ 3,500 27,500 6,700 166,000 82,000 Credit $ 34,000 8,000 4,000 59,000 16,000 140, 200 19,000 22,100 50,000 9,000 9,400 $395,200 $395,200 134,000

Answer rating: 100% (QA)

Based on the adjusted trial balance provided we can prepare Wilson Trucking Companys class... View the full answer