Account titledebit creditcash$8,000 accounts receivable 17,500 office supplies 3,000 trucks 172,000 accumulated depreciation—trucks $36,000 land 85,000 accounts payable 12,000 interest payable 4,000 long-term notes payable 53,000 common stock 20,000 retained earnings 155,000 dividends 20,000 trucking fees earned 130,000 depreciation expense—trucks 23,500 salaries expense 61,000 office supplies expense 8,000 repairs expense—trucks 12,000 totals$410,000 $410,000 use the above adjusted trial balance to prepare wilson trucking company’s classified balance sheet as of december 31, 2017.

2017Balance Sheet

$8,000    Cash

$17,500    Accounts Receivable

$3,000    Office Supplies

$28,500  TOTAL CURRENT ASSETS  

$ 172,000Trucks

-$ 36,000Accum Depreciation

$ 85,000Land

$221,000TOTAL NON CURRENT ASSETS  

$249,500TOTAL ASSETS  

$12,000  Accounts Payable  

$4,000    Interest Payable  

$16,000    TOTAL CURRENT LIABILITIES  

$53,000    Long Term Notes Payable  

$53,000  TOTAL NON CURRENT LIABILITIES  

$69,000  TOTAL LIABILITIES  

$20,000  Common Stock  

$160,500Retained Earnings  

$180,500TOTAL EQUITY  

$249,500TOTAL EQUITY + LIABILITIES  

Explanation:

Wilson      Income Statement

$130,000Sales  

-$23,500Depreciation

$106,500MARGEN BRUTO

-$61,000  Salaries Expenses

-$8,000  Office Expenses

-$12,000  Repairs Expenses

$25,500  EBIT

Retained Earnings Report  

Opening retained earnings    $ 155,000

Add: Net Income                    $ 25,500

Subtotal                                  $ 180,500

Less: Dividens                        -$ 20,000

Ending retained earnings      $ 160,500

Account of Current Assets , the criteria is to have a liquidity speed less of one year  

Cash  

Accounts Receivable  

Office Supplies  

Account of Non Current Assets , the criteria is to have a liquidity speed more than one year and are known as fixed assets  

Trucks  

Accum Depreciation  

Land  

Account of Current Liabilities , the criteria is to have a liquidity speed less of one year  

Accounts Payable  

Interest Payable  

Account of Non Current Liabilities, the criteria is to have a liquidity speed more than one year and are known as long term financing  

Long Term Notes Payable  

Account of Total Equity  

Common Stock  

Retained Earnings  

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.