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The Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the account balances into the
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 Balance Sheet and Statement of Owner's Equity Account Number Adjusted Trial Balance Income Statement Account Title Debit Credit Debit Credit Debit 101 Cash $ 5,200 106 Accounts receivable 22,724 153 Trucks 43,500 154 Accumulated depreciation-Trucks $ 17,487 183 Land 30,000 201 Accounts payable 12,116 209 Salaries payable 2,772 236 Unearned revenue 2,172 301 B. Planta, Capital 65,130 302 B. Planta, Withdrawals 10,472 403 Plumbing revenue 64,000 611 Depreciation expense-Trucks 5,829 622 Salaries expense 29,952 640 Rent expense 9,728 677 Miscellaneous expenses 6,272 Totals $ 163,677 $ 163,677 Net income Totals Credit
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