Homework answers / question archive / Exercise 4-12 Preparing a classified balance sheet LO C3  Account Title Debit Credit Cash $ 8,500 Accounts receivable 11,500 Office supplies 6,903 Trucks 162,000 Accumulated depreciation—Trucks $ 33,372 Land 40,000 Accounts payable 12,500 Interest payable 9,000 Long-term notes payable 66,000 K

Exercise 4-12 Preparing a classified balance sheet LO C3  Account Title Debit Credit Cash $ 8,500 Accounts receivable 11,500 Office supplies 6,903 Trucks 162,000 Accumulated depreciation—Trucks $ 33,372 Land 40,000 Accounts payable 12,500 Interest payable 9,000 Long-term notes payable 66,000 K

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Exercise 4-12 Preparing a classified balance sheet LO C3 
Account Title Debit Credit Cash $ 8,500 Accounts receivable 11,500 Office supplies 6,903 Trucks 162,000 Accumulated depreciation—Trucks $ 33,372 Land 40,000 Accounts payable 12,500 Interest payable 9,000 Long-term notes payable 66,000 K. Wilson, Capital 104,209 K. Wilson, Withdrawals 18,000 Trucking fees earned 127,000 Depreciation expense—Trucks 21,525 Salaries expense 58,860 Office supplies expense 14,000 Repairs expense—Trucks 10,793 Totals $352,081 $352,081 
Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31.