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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
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 Cr. No. Account Title Dr. Cr. Dr. Cr. Dr. 101 Cash $ 7.000 106 Accounts receivable 27.200 153 Trucks 42,000 154 Accumulated depreciation-Trucks $ 17,500 32.000 183 Land 201 Accounts payable 15,000 209 Salaries payable 233 Unearned fees 301 F. Planta, Capital 4,200 3,600 65.500 302 F. Planta. Withdrawals 15.400 401 Plumbing fees earned 611 84.000 Depreciation expense-Trucks 6.500 38.000 622 Salaries expense 840 Rent expense 677 Miscellaneous expenses Totals Net income Totals $ 189,800 $ 189.800) 13.000 8,700
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