Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
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 No. Account Title Cr. Or. cr. Balance Sheet and Statement of Owner's Equity Dr. Co 54,800 20.976 Dr. 4.800 20,976 41.500 $ 41 500 516 630 S1653 30.000 0.000 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Uneared fees 301 F Planta, Capital 302 F. Planta. Withdrawals 401 Plumbing fees eamed 11.184 11.184 2558 255 1.950 62.180 62 180 16 260 16.2601 87.0007 37 000 Adjusted Trial Balance Income Statement Cr. Dr. $ $ Dr. 4,800 20,976 41,500 Balance Sheet and Statement of Owner's Equity Dr. Cr. 4,800 20,976 41,500 $ 16,683 30,000 [ 11.184 2,558 $ 16,683 30,000 No Account Title 101 Cash 106 Accounts receivable 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 640 Rent expense 677 Miscellaneous expenses Totals 11,184 2,558 1,958 62,180 1958 62,180 16.260 16.260 87,000 87.000 5.561 40.716 13.224 8.526 $ 181,563 TS 5561 40.716 13 224 8.5267 58,027 5 181,563 87,000 113,536 94.563

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting, Enhanced

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1119594596, 9781119594598

More Books

Students also viewed these Accounting questions

Question

mple 10. Determine d dx S 0 t dt.

Answered: 1 week ago