4-4 - Assignment Print View Trucks Accd. depreciationTrucks...

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Page 4 of 9 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 5. award: 1 out of 1 point Trucks 156,000 Accd. depreciation—Trucks $ 32,136 Land 85,000 Accounts payable 9,800 Interest payable 4,000 Long-term notes payable 53,000 J. Reso, Capital 161,901 J. Reso, Withdrawals 20,000 Trucking fees earned 121,000 Depreciation expense—Trucks 20,727 Salaries expense 56,749 Office supplies expense 6,655 Repairs expense—Trucks 10,406 Totals $ 381,837 $ 381,837 RESOURCE TRUCKING COMPANY Balance Sheet December 31, 2009 Assets Liabilities Current Assets Current Liabilities Cash $ 5,800 Accounts Payable $ 9,800 Accounts Receivable 17,500 Interest Payable 4,000 Office Supplies 3,000 Total current liabilities $ 13,800 Total current assets $ 26,300 Plant assets Long-term notes payable 53,000 Trucks 156,000 Total Liabilities 66,800 Less: Accd. depreciation—Trucks 32,136 123,864 Equity Land 85,000 J. Reso, Capital 168,364 Total plant assets 208,864 Total Assets $ 235,164 Total Liabilities and Equity
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