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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 Worksheet Income Statement Adjusted Trial Balance No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. $ 101 Cash 8,000 $ 106 Accounts Receivable 15,000 $ 153 Trucks 45,000 154 Accumulated Depreciation Trucks $ 18,000 183 Land 12,000 $ Accounts Payable 9,000 201 209 Salaries payable $ 4,000 233 Unearned fees 1,000 F. Planta, Capital 19,000 301 $ 302 F. Planta, Withdrawals 8,000 Plumbing fees earned 611 Depreciation expense- Trucks $ 401 95,000 $ 9,000 $ Salaries expense 622 28,000 $ Rent expense 640 12,000 677 Miscellaneous expenses $ 9,000 $ $146,000 Totals 146,000 Net Income TotalsStep by Step Solution
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