Account Title Debit Credit Cash $ 5,000 ...
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Accounting
| Account Title | Debit | Credit | ||||
| Cash | $ | 5,000 | ||||
| Accounts receivable | 26,000 | |||||
| Office supplies | 6,400 | |||||
| Trucks | 168,000 | |||||
| Accumulated depreciationTrucks | $ | 34,400 | ||||
| Land | 83,000 | |||||
| Accounts payable | 11,000 | |||||
| Interest payable | 4,000 | |||||
| Long-term notes payable | 58,000 | |||||
| Common stock | 16,000 | |||||
| Retained earnings | 147,100 | |||||
| Dividends | 19,000 | |||||
| Trucking fees earned | 126,000 | |||||
| Depreciation expenseTrucks | 22,400 | |||||
| Salaries expense | 47,700 | |||||
| Office supplies expense | 10,000 | |||||
| Repairs expenseTrucks | 9,000 | |||||
| Totals | $ | 396,500 | $ | 396,500 | ||
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
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