Question

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. Cr. Dr. Cr. Dr. 6,700 29,279 40,500 $ 16,281 30,000 15,611 No. Account Title 101 Cash 106 Accounts receivable 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 401 Plumbing fees earned 611 Depreciation expense Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses 3,571 2.971 66,321 10,333 62,000 5,427 29,016 9,424 6,076 $ 166,755 Totals S 166755 Net Income Totals

Answer 1

PLANTA COMPANY
Work Sheet
		Adjusted Trial Balance		Income Statement		Balance Sheet and statement of Owner’s Equity
No.		Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
101	Cash	$6700				$6700
106	Accounts Receivable	$29279				$29279
153	Trucks	$40500				$40500
154	Accumulated Depreciation-Trucks		$16281				$16281
183	Land	$30000				$30000
201	Accounts Payable		$15611				$15611
209	Salaries Payable		$3571				$3571
233	Unearned fees		$2971				$2971
301	F. Planta, Capital		$66321				$66321
302	F. Planta, Withdrawals	$10333				$10333
401	Plumbing fees earned		$62000		$62000
611	Depreciation expense-Trucks	$5427		$5427
622	Salaries expenses	$29016		$29016
640	Rent expense	$9424		$9424
677	Miscellaneous expense	$6076		$6076
	Totals	$166755	$166755	$49943	$62000	$116812	$104755
	Net Income			$12057			$12057
	Totals			$62000	$62000	$116812	$116812