Use the information in the adjusted trial balance reported in Exercise 4-4 to prepare Wilson Trucking Companys
Question:
Use the information in the adjusted trial balance reported in Exercise 4-4 to prepare Wilson Trucking Company’s classified balance sheet as of December 31,2013.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Account Title Cash Accounts receivable Office supplies Debit Credit .. 8,000 17,500 3,000 _ __. Accumulated depreciation-Trucks Land... Accounts payable Interest payable Long-term notes payable . K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense Trucks Salaries expense Office supplies expense Repairs expense Trucks Totals 36,000 85,000 12,000 4,000 53,000 175,000 20,000 130,000 23,500 61,000 8,000 12,000 . $410,000 $410,000
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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