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Account Title Debit Credit Cash $ 7,100 ...

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Accounting

Account Title Debit Credit
Cash $ 7,100
Accounts receivable 15,500
Office supplies 7,260
Trucks 182,000
Accumulated depreciationTrucks $ 37,492
Land 49,000
Accounts payable 11,100
Interest payable 3,000
Long-term notes payable 47,000
Common stock 32,710
Retained earnings 140,000
Dividends 26,000
Trucking fees earned 129,000
Depreciation expenseTrucks 24,182
Salaries expense 61,908
Office supplies expense 16,000
Repairs expenseTrucks 11,352
Totals $ 400,302 $ 400,302

Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.

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WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity Total equity

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