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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.
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 $ 0Step by Step Solution
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