80.2K
Verified Solution
Link Copied!

Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 9,500 25,500 7,783 163,000 $ 33,578 46,000 13,500 19,000 53,000 134,896 17,000 122,000 21,658 66,364 7,000 12,169 $ 375,974 $ 375,974 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017
Answer & Explanation
Solved by verified expert