Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as...

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Accounting

Use the above adjusted trial balance to prepare Wilson Trucking Companys classified balance sheet as of December 31, 2017.

Cash $ 5,900
Accounts receivable 27,500
Office supplies 7,590
Trucks 196,000
Accumulated depreciationTrucks $ 40,376
Land 48,000
Accounts payable 9,900
Interest payable 7,000
Long-term notes payable 63,000
Common stock 15,000
Retained earnings 172,347
Dividends 29,000
Trucking fees earned 126,000
Depreciation expenseTrucks 26,043
Salaries expense 64,722
Office supplies expense 17,000
Repairs expenseTrucks 11,868
Totals $ 433,623 $ 433,623

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Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 3 WIL SON TRUCKING COMPANY Balance Sheet December 31, 2017 Assets urrent assets Cash Accounts receivable Office supplies 5,900 27,500 7,590 Total current assets 40,990 Plant assets Trucks Accumulated depreciation-Trucks Land 5 196,000 196,000 48,000 244,000 5 284,990 Total plant assets Total assets Liabilities urrent liabilities Accounts payable Interest payable 9,900 7,000 Total current liabilities 16,900 Long-term liabilities Long-term notes payable 63,000 Total liabilities 79,900 Equity Common stock 15,000 Retained earnings Total equity 15,000 Total liabilities and equity 94,900

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