Answered step by step
Verified Expert Solution
Question
1 Approved Answer
put answers vertical Exercise 4-2 Extending accounts in a work sheet LO P1 The Adjusted Trial Balance for Planta Company follows. Complete the work sheet
put answers vertical
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 PLANTA COMPANY Work Sheet Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Dr. Cr. Cr. Dr. Cr. $ Dr. 8,200 35 834 43.500 $ 17,487 30.000 19,106 No. Account Title 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Satarlos payable 233 Uneamed lees 301 F Planta, Capital 302 F. Planta, Withdrawals 401 Plumbing foes earned 611 Depreciation expense Trucks 622 Salaries expense 600 Rent expense 677 Miscellaneous expenses Totals 4,371 3.771 69,600 19,172 100 000 5,829 45,800 15,200 9,800 $ 214,335 5214335 Net Income Totals Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started