Question

Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 5,200 Accounts receivable 12,000 O

0 0
Add a comment Improve this question Transcribed image text
Answer #1

$ 23,938 WILSON TRUCKING COMPANY Balance sheet December. 31, 2017 Assets Current assets Cash $ 5.200 Accounts Receivables $ 1Working Notes: $125,000 WILSON TRUCKING COMPANY Income Satatement For year Ended December 31,2017 Trucking Fees earned Expens

Add a comment
Know the answer?
Add Answer to:
Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 5,200...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 6,900...

    Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title Debit Credit Cash $ 6,900 Accounts receivable 24,500 office supplies 7,480 Trucks 156,000 Accumulated depreciation Trucks $ 32,136 Land 48,000 Accounts payable 10,900 Interest payable 3,000 Long-term notes 60,000 payable x. Wilson, Capital 149,052 x. Wilson, 36,000 Withdrawals Trucking fees carned 125,000 Depreciation expense -Trucks 20,728 Salaries expense 63,784 office supplies expense 5,000 Repairs expense- Trucks 11,696 Totals $380,088 $380,086 Use the above adjusted trial balance to prepare Wilson...

  • 4 Exercise 4-12 Preparing a classified balance sheet LO C3 10 points eBook Print References Account...

    4 Exercise 4-12 Preparing a classified balance sheet LO C3 10 points eBook Print References Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit 6,100 29,500 7,480 195,000 $ 40,170 44,000 10, 100 13,000 34,600 202,200 27,000 126,000 25,910 63,784 15,00 11,696 $ 425, 470 $ 425, 470 Use the...

  • Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of...

    Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Credit $ 6,300 16,500 2,000 171,000 $ 35, 226 75,000 10,300 3,000 52,000 169,593 19,000 124,500 22,721 58,391 13,000 10,707 $394,619 $394,619 The...

  • Exercise 4-12 Preping a classified balance sheet LO C3 Use the above adjusted trial balance to prepare Wilson Trucking Company’s Classified balance sheet as of December 31, 2017. il How to Beco...

    Exercise 4-12 Preping a classified balance sheet LO C3 Use the above adjusted trial balance to prepare Wilson Trucking Company’s Classified balance sheet as of December 31, 2017. il How to Become a P- ด.© samantha gordon Ho Chemistry Chapter Exercise 4-12 Preparing a classified balance sheet LO C3 Account Title $ 5,500 20, 500 7,673 197,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking...

  • 4 Exercise 3.9 Preparing a classified balance sheet LO C3 Cash Accounts receivable Office supplies Trucks...

    4 Exercise 3.9 Preparing a classified balance sheet LO C3 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks and Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks 21,5ee 8,e58 17e,8ee eBook s 35,820 42,080 10,889 5,0e0 60,e89 19,000 135,434 Print 35,000 126,e80 office supplies expense Repairs expense-Trucks Totals 22,588 68,789 4,ee0 12,599 $391,254 $391,254 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December...

  • Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term...

    Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 9,000 10,000 6,490 181,000 $ 37,286 42,000 13,000 8,000 61,000 122,743 14,000 123,000 24,049 55,342 13,000 10,148 $365,029 $ 365,029 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31, 2017 WILSON...

  • Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of...

    Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. Answer is not complete. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 9.600 Current assets Cash Accounts receivable Office supplies 20,500 7,040 37.140 $ 171,000 35,226 135,774 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities 135,774 172,914...

  • Account Title Debit Credit Cash $ 8,100 Accounts receivable 27,500 Office supplies 8,030 Trucks 163,000 Accumulated...

    Account Title Debit Credit Cash $ 8,100 Accounts receivable 27,500 Office supplies 8,030 Trucks 163,000 Accumulated depreciation—Trucks $ 33,578 Land 47,000 Accounts payable 12,100 Interest payable 2,000 Long-term notes payable 39,000 Common stock 38,640 Retained earnings 137,000 Dividends 27,000 Trucking fees earned 130,000 Depreciation expense—Trucks 21,658 Salaries expense 68,474 Office supplies expense 9,000 Repairs expense—Trucks 12,556 Totals $ 392,318 $ 392,318 Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31.   ...

  • Credit Debit $ 9,400 28,000 6,573 190,000 $ 39, 140 45,000 Account Title Cash Accounts receivable...

    Credit Debit $ 9,400 28,000 6,573 190,000 $ 39, 140 45,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Vithdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 13, 400 16,000 49,000 181,001 29,000 120,000 25, 245 56,046 19,000 10, 277 $418,541 $418, 541 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of...

  • Credit Debit $ 7,600 24,000 7,975 162,000 $ 33,372 43,000 Account Title Cash Accounts receivable Office...

    Credit Debit $ 7,600 24,000 7,975 162,000 $ 33,372 43,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 11,600 6,000 52,000 14,603 139,000 24,000 129,000 21,525 68,005 15,000 12,470 $385,575 $385,575 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT