Question

Use the below-adjusted trial balance to prepare Wilson trucking company's classified balance sheet as of December 31, 2017.

Cash	$	5,900
Accounts receivable		27,500
Office supplies		7,590
Trucks		196,000
Accumulated depreciation—Trucks				$	40,376
Land		48,000
Accounts payable					9,900
Interest payable					7,000
Long-term notes payable					63,000
Common stock					15,000
Retained earnings					172,347
Dividends		29,000
Trucking fees earned					126,000
Depreciation expense—Trucks		26,043
Salaries expense		64,722
Office supplies expense		17,000
Repairs expense—Trucks		11,868
Totals	$	433,623		$	433,623