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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 appropriate
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.
Income Statement Dr. Cr. Balance Sheet Dr. Cr. No. Account Title 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 236 Unearned revenue 307 Common stock 318 Retained earnings 319 Dividends 403 Plumbing revenue 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses Totals Net income Totals Adjusted Trial Balance Dr. Cr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 10,000 55,500 15,400 84,000 6,500 38,000 13,000 8,700 $189,800 $189,800Step by Step Solution
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