Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

he Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the account balances into the appropriate

he 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.image text in transcribed

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 Adjusted Trial Balance Income Statement Account Number Account Title Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit 101 106 153 154 183 201 209 236 301 302 403 611 622 640 677 Cash Accounts receivable Trucks Accumulated depreciationTrucks Land Accounts payable Salaries payable Unearned revenue B. Planta, Capital B. Planta, Withdrawals Plumbing revenue Depreciation expense Trucks Salaries expense Rent expense Miscellaneous expenses Totals Net income Totals Debit Credit $ 7,400 32,338 39,500 $ 15,879 30,000 17,242 3,944 3,344 66,965 11,173 65,000 5,293 30,420 9,880 6,370 $ 172,374 $ 172,374 0 0 0 0 $ 0 $ 0 $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

5.6 Describe alternatives to recruitment?

Answered: 1 week ago

Question

5.4 Identify external recruitment sources.

Answered: 1 week ago