Exercise 3-12 Preparing a classified balance sheet

Exercise 3-12 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 Company%u2019s classified balance sheet as of December 31, 2011.

Asset
Current Assets
total current Asset
Plan Assets
total Plan Assets
Total Assets
Liabilities
Current Liabilities

Click here and get this paper done by a professional writer………………Order and get A PLAGIARISM FREE high-quality paper within the set deadline.

 

 
 
total current liabilities
total liabilities
Equity
Total equity
Total liabilities and Equity

Click here and get this paper done by a professional writer………………Order and get A PLAGIARISM FREE high-quality paper within the set deadline.

 

 
 

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Get Answer Over WhatsApp Order Paper Now