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  Account Title Debit Credit   Cash $ 9,800   Accounts receivable 14,000   Office supplies 8,223   Trucks 152,000   Accumulated...

  Account Title Debit Credit
  Cash $ 9,800
  Accounts receivable 14,000
  Office supplies 8,223
  Trucks 152,000
  Accumulated depreciation—Trucks $ 31,312
  Land 40,000
  Accounts payable 13,800
  Interest payable 16,000
  Long-term notes payable 37,000
  K. Wilson, Capital 145,080
  K. Wilson, Withdrawals 32,000
  Trucking fees earned 121,000
  Depreciation expense—Trucks 20,196
  Salaries expense 70,116
  Office supplies expense 5,000
  Repairs expense—Trucks 12,857
  Totals $ 364,192 $ 364,192

  

Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31, 2015.

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ekkarill92 answered 1 year ago
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