5. AccountTitleDebitCreditCash$9,300Accounts receivable27,500Office supplies6,518Trucks191,000...5. AccountTitleDebitCreditCash$9,300Accounts receivable27,500Office supplies6,518Trucks191,000Accumulateddepreciation—Trucks$39,346Land50,000Accounts payable13,300Interest payable5,000Long-term notes payable42,000Common stock15,000Retained earnings146,818Dividends10,000Trucking fees...

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Accounting

5. AccountTitle Debit Credit
Cash $ 9,300
Accounts receivable 27,500
Office supplies 6,518
Trucks 191,000
Accumulateddepreciation—Trucks $ 39,346
Land 50,000
Accounts payable 13,300
Interest payable 5,000
Long-term notes payable 42,000
Common stock 15,000
Retained earnings 146,818
Dividends 10,000
Trucking fees earned 130,000
Depreciation expense—Trucks 25,378
Salaries expense 55,577
Office supplies expense 6,000
Repairs expense—Trucks 10,191
Totals $ 391,464 $ 391,464

Use the above adjusted trial balance to prepare Wilson TruckingCompany’s classified balance sheet as of December 31, 2017.

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4.5 Ratings (940 Votes)

Wilson Trucking co Balancesheet As on December 31 2017 Assets Current assets Cash 9300 Accounts Receivables 27500 Office supplies 6518 Total Current assets 43318 Plant assets Trucks 191000 Less Accumulated Deprecialtion See Answer

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In: Accounting5. AccountTitleDebitCreditCash$9,300Accounts receivable27,500Office supplies6,518Trucks191,000...5. AccountTitleDebitCreditCash$9,300Accounts receivable27,500Office supplies6,518Trucks191,000Accumulateddepreciation—Trucks$39,346Land50,000Accounts payable13,300Interest payable5,000Long-term notes payable42,000Common stock15,000Retained earnings146,818Dividends10,000Trucking fees earned130,000Depreciation expense—Trucks25,378Salaries expense55,577Office supplies expense6,000Repairs expense—Trucks10,191Totals$391,464$391,464 Use the above adjusted trial balance to prepare Wilson TruckingCompany’s classified balance sheet as of December 31, 2017.

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Accounting

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5. AccountTitle	Debit		Credit
Cash	$	9,300
Accounts receivable		27,500
Office supplies		6,518
Trucks		191,000
Accumulateddepreciation—Trucks			$	39,346
Land		50,000
Accounts payable				13,300
Interest payable				5,000
Long-term notes payable				42,000
Common stock				15,000
Retained earnings				146,818
Dividends		10,000
Trucking fees earned				130,000
Depreciation expense—Trucks		25,378
Salaries expense		55,577
Office supplies expense		6,000
Repairs expense—Trucks		10,191
Totals	$	391,464	$	391,464