Exerclse 3-12 Preparing a classifled balance sheet LO C3 Credit Debit $ 6,408 14,800 6,765 167,000 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 $ 34,402 41, 800 10,400 11,000 52,000 4,317 135,500 26,800 Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120,080 22,189 57,687 16,000 10,578 $367,619 Totals $367,619 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
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Exerclse 3-12 Preparing a classifled balance sheet LO C3
Debit
$ 6,400
14,000
6,765
167,008
Account Title
Credit
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
$ 34,402
41,009
10,400
11,080
52,800
4,317
135,500
26, веа
120,990
22,189
57,687
16,800
10,578
Totals
$367,619 $367,519
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.
WILSON TRUCKING COMPANY
Balance Sheet
December 31
Assets
Transcribed Image Text:Exerclse 3-12 Preparing a classifled balance sheet LO C3 Debit $ 6,400 14,000 6,765 167,008 Account Title Credit 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 $ 34,402 41,009 10,400 11,080 52,800 4,317 135,500 26, веа 120,990 22,189 57,687 16,800 10,578 Totals $367,619 $367,519 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets
Trucking fees earned
Depreciation expense-Trucks
Salaries expense
OFfice supplies expense
Repairs expense-Trucks
120, eee
22,189
57, 687
16,000
1e, 578
$367,619 $367,619
Totals
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.
WILSON TRUCKING COMPANY
Balance Sheet
December 31
Assets
Liabilities
Equity
Total equity
Transcribed Image Text:Trucking fees earned Depreciation expense-Trucks Salaries expense OFfice supplies expense Repairs expense-Trucks 120, eee 22,189 57, 687 16,000 1e, 578 $367,619 $367,619 Totals Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity Total equity
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