The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Debit Credit Cash $ 9,700 Accounts receivable 19,200 Office supplies 4,700 Trucks 189,000 Accumulated depreciation-Trucks $ 37,700 Land 102,000 Accounts payable 17,100 Interest payable 5,700 Long-term notes payable 66,500 K. Wilson, Capital 187,000 K. Wilson, Withdrawals 21,700 Trucking revenue 147,000 Depreciation expense-Trucks 25,200 Salaries expense 66,100 Office supplies expense 9,700 Interest expense 13,700 Totals $ 461,000 $461,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31.
The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Debit Credit Cash $ 9,700 Accounts receivable 19,200 Office supplies 4,700 Trucks 189,000 Accumulated depreciation-Trucks $ 37,700 Land 102,000 Accounts payable 17,100 Interest payable 5,700 Long-term notes payable 66,500 K. Wilson, Capital 187,000 K. Wilson, Withdrawals 21,700 Trucking revenue 147,000 Depreciation expense-Trucks 25,200 Salaries expense 66,100 Office supplies expense 9,700 Interest expense 13,700 Totals $ 461,000 $461,000 Prepare Wilson Trucking Company's classified balance sheet as of December 31.
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
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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