Balance Sheet and Unadjusted Trial Balance Cr. Adjusted Trial Balance Income Statement of Adjustments Dr. Cr. Owner's Equity Cr. Statement 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 Dr. Dr. Cr. Dr. Cr. Dr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 38,000 13,000 8,700 $189,800 Totals $189,800 Net income Totals Check Net Income, $17,800

Balance Sheet and Unadjusted Trial Balance Cr. Adjusted Trial Balance Income Statement of Adjustments Dr. Cr. Owner's Equity Cr. Statement 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 Dr. Dr. Cr. Dr. Cr. Dr. $ 7,000 27,200 42,000 $ 17,500 32,000 15,000 4,200 3,600 65,500 15,400 84,000 6,500 38,000 13,000 8,700 $189,800 Totals $189,800 Net income Totals Check Net Income, $17,800

Name: The Adjusted Trial Balance columns of a 10-column work sheet for Plant
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Description: The Adjusted Trial Balance columns of a 10-column 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 report

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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