Exercise 4-2 Extending accounts in a work sheet LO P1

The Adjusted Trial Balance for Planta Company follows. 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.

Balance Sheet and Adjusted Trial Balance Income Statement Statement of Owner's Equity No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. 101 Cash 9,800 106 Accounts receivable 42,826 153 Trucks 43,000 154 Accumulated depreciation-Trucks $ 17,286 183 Land 30,000 201 |Accounts payable 22,834 209 |Salaries payable 5.223 233 Unearned fees 4.623 301 F. Planta, Capital 73,661 302 F. Planta, Withdrawals 11,979 401 Plumbing fees earned 70,000 611 Depreciation expense-Trucks 5.762 622 Salaries expense 32,760 640 Rent expense 10,640 677 Miscellaneous expenses 6.860 Totals $ 193,627 $ 193,627