Exercise 4-2 Extending accounts in a work sheet P1The 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 byentering the amount of net income for the reporting period.Balance Sheet andUnadjustedAdjustedIncomeStatement ofOwner's EquityCr.Trlal BalanceAdjustments|Cr. Dr. CrTrlal BalanceStatementNo. Account Title101Dr.Cr. Dr.Dr.$ 7,00027,20042,000Cr.Dr.Cash106Accounts receivable153Trucks154Accumulated depreciation-Trucks$ 17,500183 Land32,000201 Accounts payable209 Salaries payable233 Unearned fees301 F. Planta, Capital302 F. Planta, Withdrawals401 Plumbing fees eamed611 Depreciation expense-Trucks622 Salaries expense640 Rent expense677 Miscellaneous expenses15,0004,2003,60065,50015,40084,0006,50038,00013,0008,700$189,800Totals$189,800Net incomeTotals

Name: Exercise 4-2 Extending accounts in a work sheet P1The Adjusted Trial
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Description: Exercise 4-2 Extending accounts in a work sheet P1The 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

Financial statement used for reporting financial performance of the company over a specific…

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Accounting

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 reporting period. Balance Sheet and Unadjusted Trial Balance Adjusted Trial Balance Income Statement of Adjustments Statement Owner's Equity No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Čr. Dr. Cr. $ 7,000 27,200 42,000 101 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 eamed 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses Totals $ 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 $189,800 Net income Totals

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 reporting period. Balance Sheet and Unadjusted Trial Balance Adjusted Trial Balance Income Statement of Adjustments Statement Owner's Equity No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Čr. Dr. Cr. $ 7,000 27,200 42,000 101 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 eamed 611 Depreciation expense-Trucks 622 Salaries expense 640 Rent expense 677 Miscellaneous expenses Totals $ 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 $189,800 Net income Totals

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter6: Work Sheet And Adjusting Entries For A Service Business

Section: Chapter Questions

Problem 3AP

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uestion Completion Status: QUESTION 40 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result after all closing journal entries were made and posted: Adjusted Trial Balance. Cash 8,625 debit. Accounts receivable 11,600 debit. Accounts payable 8,450 credit. Unearned revenue 1,500 credit. Common stock 10,000 credit. Retained earnings 12,275 credit. Dividends 2,000 debit. Service revenue 97,500 credit. Advertising expense 2,500 debit. Rent expense 18,000 debit. Utilities expense 12,000 debit. Wages expense 75,000 debit. Debit total 129,725, credit total 129,725. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial X² X₂ P >11< - + ✓ V 10pt T "" 2 4 Click Save and Submit to save and submit. Click Save All Answers to save all answers. A 冈 !!! V A 88 18 Ix HAE % 0 +8