| Account Title |
Debit |
Credit |
| Cash |
$ |
7,800 |
|
|
| Accounts receivable |
|
15,500 |
|
|
| Office supplies |
|
6,160 |
|
|
| Trucks |
|
200,000 |
|
|
| Accumulated depreciation-Trucks |
|
|
$ |
41,200 |
| Land |
|
41,000 |
|
|
| Accounts payable |
|
|
|
11,800 |
| Interest payable |
|
|
|
2,000 |
| Long-term notes payable |
|
|
|
59,000 |
| Common stock |
|
|
|
35,000 |
| Retained earnings |
|
|
|
128,194 |
| Dividends |
|
22,000 |
|
|
| Trucking fees earned |
|
|
|
124,000 |
| Depreciation expense-Trucks |
|
26,574 |
|
|
| Salaries expense |
|
52,528 |
|
|
| Office supplies expense |
|
20,000 |
|
|
| Repairs expense-Trucks |
|
9,632 |
|
|
|
|
|
|
|
| Totals |
$ |
401,194 |
$ |
401,194 |
|
|
|
|
|
|
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2013.