Question
The Adjusted Trial Balance for Planta Company follows. Complete the work sheet by extending the account balances into the appropriate financial statement columns and
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 Adjusted Trial Balance Work Sheet Income Statement Balance Sheet No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. 101 Cash $ 4,100 106 Accounts receivable 17,917 153 Trucks 41,500 154 Accumulated depreciation-Trucks $ 16,683 183 Land 30,000 201 Accounts payable 209 Salaries payable 9,553 2,185 233 Uneamed fees 307 Common stock 1,585 19,846 318 Retained earnings 42,000 319 Dividends 9,976 401 Plumbing fees earned 61,000 611 Depreciation expense-Trucks 5,561 622 Salaries expense 28,548 640 Rent expense 677 Miscellaneous expenses 9,272 5,978 Totals $ 152,852 $152,852 Net income Totals 0 0 0 0 $ 0 $ 0 $ 0 $ 0
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