Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 $ 7,100 $ 7,100 106 Accounts receivable 31.027 31,027 ces 153 Trucks 42,600 42,500 154 Accumulated depreciation-Trucks $ 17,085 $ 17,085 183 Land 30.000 30,000 201 Accounts payable 16.543 16,543) 209 Salaries payable 3,784 3,784 238 (Uneamed revenue 3,184 3,184 301 B. Planta. Capital 67,821 07,821 302 B. Plants, Withdrawals 13.245 13.245 403 Pumbing revenue 70.000 $ 75,000 655 Depreciation expense Trucks 5.095 S 5,095 622 Sialanes expense 35,100 35,100 640 Rent expense 11.400 11.400 577 Miscellaneous expenses 7,350 7.350 Totals 5 103417 0183,417 59,545) 75,000 123,872 100.417 Me

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

Financial Accounting Theory

Authors: William R. Scott

7th edition

132984660, 978-0132984669

More Books

Students also viewed these Accounting questions