Exercise 4-2 (Algo) Extending accounts to financial statement columns LO P1 The Adjusted Trial Balance columns...

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Exercise 4-2 (Algo) Extending accounts to financial statement columns LO P1 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. PLANTA COMPANY Work Sheet Balance Sheet and Statement of Owner's Equity Credit Account Number Adjusted Trial Balance Income Statement Account Title Debit Credit Debit Credit Debit 101 Cash $ 4,500 106 Accounts receivable 19,665 153 Trucks 41,000 154 Accumulated depreciation-Trucks $ 16,482 183 Land 30,000 201 Accounts payable 209 Salaries payable 10,485 2.399 236 Unearned revenue 1,799 301 B. Planta, Capital 60,874 153 Trucks 41,000 154 Accumulated depreciation-Trucks $ 16,482 183 Land 30,000 201 Accounts payable 10,485 209 Salaries payable 2,399 236 Unearned revenue 1,799 301 B. Planta, Capital 60,874 302 B. Planta, Withdrawals. 18,734 403 Plumbing revenue 97,000 611 Depreciation expense-Trucks 5,494 622 Salaries expense 45,396 640 Rent expense 14,744 677 Miscellaneous expenses 9,506 Totals $ 189,039 $189.039 Net income Totals 0 0 0 0 $ 0 $ 0 S 05 0 Exercise 4-2 (Algo) Extending accounts to financial statement columns LO P1 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. PLANTA COMPANY Work Sheet Balance Sheet and Statement of Owner's Equity Credit Account Number Adjusted Trial Balance Income Statement Account Title Debit Credit Debit Credit Debit 101 Cash $ 4,500 106 Accounts receivable 19,665 153 Trucks 41,000 154 Accumulated depreciation-Trucks $ 16,482 183 Land 30,000 201 Accounts payable 209 Salaries payable 10,485 2.399 236 Unearned revenue 1,799 301 B. Planta, Capital 60,874 153 Trucks 41,000 154 Accumulated depreciation-Trucks $ 16,482 183 Land 30,000 201 Accounts payable 10,485 209 Salaries payable 2,399 236 Unearned revenue 1,799 301 B. Planta, Capital 60,874 302 B. Planta, Withdrawals. 18,734 403 Plumbing revenue 97,000 611 Depreciation expense-Trucks 5,494 622 Salaries expense 45,396 640 Rent expense 14,744 677 Miscellaneous expenses 9,506 Totals $ 189,039 $189.039 Net income Totals 0 0 0 0 $ 0 $ 0 S 05 0