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Use the above adjusted trial balance

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Reference no: EM13509039

Preparing a classified balance sheet L.O. C4

Account Title Debit Credit
Cash $ 7,600

Accounts receivable
14,500

Office supplies
7,590

Trucks
186,000

Accumulated depreciation%u2014Trucks

$ 38,316
Land
48,000

Accounts payable


11,600
Interest payable


9,000
Long-term notes payable


53,000
Common stock


17,000
Retained earnings


154,078
Dividends
36,000

Trucking fees earned


128,000
Depreciation expense%u2014Trucks
24,714

Salaries expense
64,722

Office supplies expense
10,000

Repairs expense%u2014Trucks
11,868


Totals $ 410,994 $ 410,994


Use the above adjusted trial balance to prepare Webb Trucking Companys classified balance sheet as of December 31, 2011.

Asset

Current Assets

total current Asset


Plan Assets

total Plan Assets

Total Assets

Liabilities

Current Liabilities

total current liabilities

total liabilities

Equity

Total equity

Total liabilities and Equity

Reference no: EM13509039

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