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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 No Account Title Cr. Dr. Cr. Ct. $ $ Dr. 7.900 34,523 42,500 $ 17,085 Balance Sheet and Statament of Owner's Equity Dr. 7,900 34,523 42,500 $ 17,085 30,000 18,407 4,211 3,611 69,601 12.037 101 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 eamed 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses Totals 30,000 18,407 4,211 3,611 69,601 12,037 70.000 5,695 32,760 10,640 6,860 $ 182,915 $ 182,915 70,000 $ $ 5,695 32.760 10,640 6,860 55,955 14.045 70,000 $ Net income 70,000 126,960 112,915 14,045 70,000 $ 126,960 $ 126,960 Totals $
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