Question: Use the information in the adjusted trial balance reported in Exercise to prepare Resource Trucking Companys classified balance sheet as of December 31, 2011. In
Use the information in the adjusted trial balance reported in Exercise to prepare Resource Trucking Company’s classified balance sheet as of December 31, 2011.
In Exercise
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Account Title Debit Credit Accounts receivable .. Office supplies. Trucks $ 5,800 17,500 3,000 56,000 $ 32,136 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 85,000 9,800 4,000 53,000 86,90 75,000 20,000 121,000 20,727 56,749 6,655 10,406 $381,837 $381,837
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