Following is the adjusted trial balance of Wilson Trucking
Company
Account Title Debit
Credit
Cash $ 7,900
>
Accounts receivable 22,000
Office supplies 7,288
Trucks 197,000
Accumulated depreciation—Trucks $
40,582
Land 43,000
Accounts payable 11,900
Interest payable 19,000
Long-term notes payable 37,000
Common stock 41,684
Retained earnings 166,734
Dividends 46,000
Trucking fees earned 125,000
Depreciation expense—Trucks 26,175
Salaries expense 62,142
Office supplies expense 19,000
Repairs expense—Trucks 11,395
Totals $ 441,900 $ 441,900
Use the above adjusted trial balance to prepare Wilson
Trucking Company’s classified balance sheet as of December 31, 2016.
