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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.
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 account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Account Number Adjusted Trial Balance Income Statement Account Title Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit Debit Credit 101 Cash $ 4,400 106 Accounts receivable 19,228 153 Trucks 44,500 154 Accumulated depreciation-Trucks $ 17,889 183 Land 30,000 201 Accounts payable 10,252 209 Salaries payable 2,345 236 Unearned revenue 1,745 301 B. Planta, Capital 63,282 302 B. Planta, Withdrawals 15,674 403 Plumbing revenue 86,000 611 Depreciation expense-Trucks 5,963 622 Salaries expense 40,248 640 Rent expense 13,072 677 Miscellaneous expenses 8,428 Totals $ 181,513 $181,513 0 0 Net income Totals $ 0 $ 0
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