### Adjusted Trial Balance for Planta CompanyThe following is the Adjusted Trial Balance for Planta Company. Complete the worksheet 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**| No. | Account Title | Adjusted Trial Balance | Income Statement | Balance Sheet and Statement of Owner's Equity ||-----|-----------------------------------|------------------------|------------------|-----------------------------------------------|| | | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. || 101 | Cash | $ 5,100 | | | | | || 106 | Accounts receivable | 22,287 | | | | | || 153 | Trucks | 41,500 | | | | | || 154 | Accumulated depreciation—Trucks | | $ 16,683 | | | | || 183 | Land | 30,000 | | | | | || 201 | Accounts payable | | 11,883 | | | | || 209 | Salaries payable | | 2,718 | | | | || 233 | Unearned fees | | 2,118 | | | | || 301 | F. Planta, Capital | | 63,457 | | | | || 302 | F. Planta, Withdrawals | 12,151 | | | | | || 401 | Plumbing fees earned | | 70,000 | | | | || 611 | Depreciation expense—Trucks | 5,561 | | | | | || 622 | Salaries expense | 32,760 | | | | | || 640 | Rent expense | 10,640 | | | | | || 677 | Miscellaneous expenses | 6,860 |

Introduction: The balance sheet is also known as the organization's financial situation statement.…

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. No. 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees Account Title 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 Totals Net income Totals Adjusted Trial Balance $ PLANTA COMPANY Work Sheet Dr. 5,100 22,287 41,500 30,000 12,151 Cr. $ 16,683 11,883 2,718 2,118 63,457 70,000 5,561 32,760 10,640 6,860 $ 166,859 $ 166,859 Income Statement Dr. Cr. Balance Sheet and Statement of Owner's Equity Dr. Cr.

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. No. 101 Cash 106 Accounts receivable 153 Trucks 154 Accumulated depreciation-Trucks 183 Land 201 Accounts payable 209 Salaries payable 233 Unearned fees Account Title 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 Totals Net income Totals Adjusted Trial Balance $ PLANTA COMPANY Work Sheet Dr. 5,100 22,287 41,500 30,000 12,151 Cr. $ 16,683 11,883 2,718 2,118 63,457 70,000 5,561 32,760 10,640 6,860 $ 166,859 $ 166,859 Income Statement Dr. Cr. Balance Sheet and Statement of Owner's Equity Dr. Cr.

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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