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 Current assets Cash Accounts receivable Office supplies Total current assets Plant assets Trucks $ Debit 8,000 27,000 7,398 171,000 >> 44,000 35,000 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified Credit $ 35,226 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20.540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 Answer is not complete. 171,000 $ $ 8.000 27,000 7,398 42,398

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 Current assets Cash Accounts receivable Office supplies Total current assets Plant assets Trucks $ Debit 8,000 27,000 7,398 171,000 >> 44,000 35,000 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified Credit $ 35,226 WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 12,000 6,000 61,000 20.540 139,000 22,721 63,080 9,000 11,567 $398,766 $398,766 125,000 Answer is not complete. 171,000 $ $ 8.000 27,000 7,398 42,398

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.9E

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