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

Transcribed Image Text:

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 Account Number Adjusted Trial Balance Income Statement Account Title Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit Debit Credit 101 Cash $ 8,500 106 Accounts receivable 37,145 153 Trucks 45,000 154 Accumulated depreciation-Trucks $ 18,090 183 Land 30,000 201 Accounts payable 19,805 209 Salaries payable 4,531 236 Unearned revenue 3,931 301 B. Planta, Capital 71,561 302 B. Planta, Withdrawals 16,341 403 Plumbing revenue 89,000 611 Depreciation expense-Trucks 6,030 622 Salaries expense 41,652 640 Rent expense 13,528 677 Miscellaneous expenses 8,722 Totals $ 206,918 $206,918 Net income Totals 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 Account Number Adjusted Trial Balance Income Statement Account Title Balance Sheet and Statement of Owner's Equity Debit Credit Debit Credit Debit Credit 101 Cash $ 8,500 106 Accounts receivable 37,145 153 Trucks 45,000 154 Accumulated depreciation-Trucks $ 18,090 183 Land 30,000 201 Accounts payable 19,805 209 Salaries payable 4,531 236 Unearned revenue 3,931 301 B. Planta, Capital 71,561 302 B. Planta, Withdrawals 16,341 403 Plumbing revenue 89,000 611 Depreciation expense-Trucks 6,030 622 Salaries expense 41,652 640 Rent expense 13,528 677 Miscellaneous expenses 8,722 Totals $ 206,918 $206,918 Net income Totals