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$1$

$8$ points

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Exercise $4-2($Static$)$ Extending accounts to financial statement columns LO P$1$

The Adjusted Trial Balance columns of a work sheet for Planta Company follow. 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.

$\backslash$table$[[$PLANTA COMPANY$],[$Work Sheet$],[$Account Number,Account Title,Adjusted Trial Balance,Income Statement,Balance Sheet and Statement of Owner's Equity$],[,$Debit,Credit,Debit,Credit,Debit,Credit$],[101,$Cash,$ $7,000,,,,,],[106,$Accounts receivable,$27,200,,,,,.],[153,$Trucks,$-42,000,,,,,],[154,$Accumulated depreciation$-$Trucks,,$ $17,500,,,,],[183,$Land,$32,000,,,,,],[201,$Accounts payable,,$15,000,,,,],[209,$Salaries payable,,$4,200,,,,],[236,$Unearned revenue,,$3,600,1,,,],[301,$B$.$ Planta, Capital,,$65,500,,,,],[302,$B$.$ Planta, Withdrawals,$15,400,,,,,],[403,$Plumbing revenue,,$84,000,,,,],[611,$Depreciation expense$-$Trucks,$6,500,,,,,],[622,$Salaries expense,$38,000,,,,,],[640,$Rent expense,$13,000,,,,,]]$