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loneaakash20

loneaakash20

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Use the below-adjusted trial balance to prepare Wilson trucking company's classified balance sheet as of December 31, 2017.

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