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Account Title Debit Credit Cash $5,700 Accounts receivable 20,000 Office supplies 7,645 Trucks 189,000 Accumulated depreciation—Trucks...

Account Title Debit Credit
Cash $5,700
Accounts receivable 20,000
Office supplies 7,645
Trucks 189,000
Accumulated depreciation—Trucks $38,934
Land 42,000
Accounts payable 9,700
Interest payable 1,000
Long-term notes payable 51,000
K. Wilson, Capital 191,968
K. Wilson, Withdrawals 40,000
Trucking fees earned 124,000
Depreciation expense—Trucks 25,112
Salaries expense 65,191
Office supplies expense 10,000
Repairs expense—Trucks 11,954
Totals $416,602 $416,602

  
Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31, 2017.

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ekkarill92 answered 2 years ago
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