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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
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. No. Account Title Dr. Cr. Dr. Cr. 101 Cash $ 7,900 106 Accounts receivable 34,523 45,000 $ 18,090 30,000 18,407 4,211 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees 301 F. Planta, Capital 302 F. Planta, Withdrawals 401 Plumbing fees earned 611 Depreciation expense-Trucks 622 Salaries expense 3,611 70,942 12,958 75,000 6,030 35,100 640 Rent expense 677 Miscellaneous expenses 11,400 7,350 $ 190,261 Totals $190,261 Net income Totals
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