Ch4-5

Exercise 4-2 (Algo) Extending accounts to financial statement columns LO P1 The Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the acco balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Adjusted Trial Balance Income Statement Account Number Account Title Balance Sheet and Statomont of Owner's Equity Debit Credit Credit Debit Credit Debit $ 7,900 34,523 41.000 $ 16,482 30,000 101 100 153 154 183 201 209 236 301 302 403 611 Cash Accounts receivable Trucks Accumulated depreciation Trucks Land Accounts payable Salaries payable Unearned revenue B. Planta, Capital B. Planta. Withdrawals Plumbing revenue Depreciation expense --Trucks Salarios expense 18,407 4,211 3,611 68,715 11,987 69,000 5,494 32,292 622 154 183 201 209 236 301 302 403 Accumulated depreciation - Trucks Land Accounts payable Salaries payable Uneamed revenue B. Planta, Capital B. Planta, Withdrawals Plumbing revenue Depreciation expenso-Trucks Salarios expense Rent expense Miscellaneous expenses Totals Net Income Totals $ 16,482 30,000 18,407 4,211 3,611 68,715 11,967 69,000 5,494 32,292 10,488 6,762 $ 180,426 $ 180,426 611 622 640 677 0 0 0 0 $ 0 $ 0 $ 0 $ 0