Question

Account Title Debit Credit Cash $ 5,800 Accounts receivable 29,000 Office supplies 6,353 Trucks 164,000 Accumulated...

Account Title Debit Credit
Cash $ 5,800
Accounts receivable 29,000
Office supplies 6,353
Trucks 164,000
Accumulated depreciation—Trucks $ 33,784
Land 47,000
Accounts payable 9,800
Interest payable 18,000
Long-term notes payable 56,000
K. Wilson, Capital 167,463
K. Wilson, Withdrawals 48,000
Trucking fees earned 121,000
Depreciation expense—Trucks 21,791
Salaries expense 54,170
Office supplies expense 20,000
Repairs expense—Trucks 9,933
Totals $ 406,047 $ 406,047

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

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