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Exercise 3-12 Preparing a classified balance sheet LO C3
| Account Title | Debit | | Credit |
| Cash | $ | 6,700 | | | | |
| Accounts receivable | | 21,000 | | | | |
| Office supplies | | 8,113 | | | | |
| Trucks | | 191,000 | | | | |
| Accumulated depreciationTrucks | | | | $ | 39,346 | |
| Land | | 44,000 | | | | |
| Accounts payable | | | | | 10,700 | |
| Interest payable | | | | | 8,000 | |
| Long-term notes payable | | | | | 57,000 | |
| Common stock | | | | | 58,008 | |
| Retained earnings | | | | | 138,000 | |
| Dividends | | 39,000 | | | | |
| Trucking fees earned | | | | | 124,000 | |
| Depreciation expenseTrucks | | 25,378 | | | | |
| Salaries expense | | 69,178 | | | | |
| Office supplies expense | | 18,000 | | | | |
| Repairs expenseTrucks | | 12,685 | | | | |
| Totals | $ | 435,054 | | $ | 435,054 | |
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Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
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