Exercise 3-12 Preparing a classified balance sheet LO C3 Account Title Debit...
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Accounting
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 | ||
Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31.
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