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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 Income Statement Adjusted Trial Balance Balance Sheet and Statement of Owner's Equity Dr. Cr. Dr. Cr. No. Account Title 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation--Trucks 183 Land 201 Accounts payable 209 Salarios 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 Net Income Totals Dr. Cr. $ 6.900 30,153 42,500 $ 17,085 30,000 16,077 3,678 3,078 67.183 14,695 81,000 5,695 37.908 12,312 7938 $ 188,101 $ 188.101
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