Business, 18.06.2020 02:57 245cat

Account Title Debit Credit Cash $9,100
Accounts receivable 13,000
Office supplies 6,600
Trucks 165,000
Accumulated depreciation—Trucks $33,990
Land 41,000
Accounts payable 13,100
Interest payable 1,000
Long-term notes payable 67,000 K
Common Stock 35,000
Retined earnings 128.194
Dividends 22.000
Trucking fees earned 124,000
Depreciation expense
Trucks 26,574
Salaries expense 52,528
Office supplies expense 20,000
Repairs expense Trucks 9,632
Totals $401,194 $401,194

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Answer from: sahaitong814

there is a mistake in the trial balance sheet:

Cash 9,100

Accounts receivable 13,000

Office supplies 6,600

Trucks 165,000

Accumulated depreciation—Trucks 33,990

Land 41,000

Accounts payable 13,100

Interest payable 1,000

Long-term notes payable 67,000

Common Stock 35,000

Retained earnings 128,194

Dividends 22.000

Trucking fees earned 124,000

Depreciation expense Trucks 26,574

Salaries expense 52,528

Office supplies expense 20,000

Repairs expense Trucks 9,632

TOTALS 365,434 402,284

unaccounted difference 36,850

adjusted totals 402,284 402,284

Wilson Trucking Company

Balance Sheet

For the Year Ended in December 31, 2012

Assets:

Current assets:

Cash $9,100 Accounts receivable $13,000 Office supplies $6,600Total current assets $28,700

Non-current assets:

Trucks $165,000 Accumulated depreciation - Trucks ($33,990 )Land $41,000Total non-current assets $172,010

Total assets $200,710 + unaccounted difference $36,850 = $237,560

Liabilities and stockholders' equity:

Current liabilities:

Accounts payable $13,100 Interest payable $1,000Total current liabilities $14,100

Long term liabilities:

Long-term notes payable $67,000Total long term liabilities$67,000

Total liabilities $81,100

Stockholders' equity:

Common Stock $35,000 Retained earnings $121,460

Total stockholders' equity $156,460

Total liabilities and stockholders' equity $237,560

Explanation:

Trucking fees earned 124,000

Depreciation expense Trucks -26,574

Salaries expense -52,528

Office supplies expense -20,000

Repairs expense Trucks -9,632

net income = $15,266

retained earnings = net income - dividends + precious RE balance = $15,266 - $22,000 + $128,194 = $121,460

Answer from: Quest

There is no graph so we cannot answer

Answer from: Quest

It depends on what the venn diagram is over

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Account Title Debit Credit Cash $9,100
Accounts receivable 13,000
Office supplies 6,6...

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