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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 Balance Sheet and Statement of Owner's Equity Dr. Cr. No. Account Title Dr. Cr. Dr. Cr. 101 Cash $ 4,400 106 Accounts receivable 19,228 39,000 $ 15,678 30,000 10,252 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees 301 F. Planta, Capital 302 F. Planta, Withdrawals 2,345 1,745 59,847 16,547 87,000 401 Plumbing fees earned 611 Depreciation expense-Trucks 5,226 622 Salaries expense 40,716 640 Rent expense 13,224 677 Miscellaneous expenses 8,526 Totals $ 176,867 $ 176,867 Net income Totals
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