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Complete the work sheet by extending the account balances

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Extending accounts in a work sheet

Question 1: 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.

 

 

Adjusted Trial Balance

101

Cash

 

 

$          9,800

 

106

Accounts receivable

42,826

 

153

Trucks

43,000

 

154

Accumulated depreciation-Trucks

 

$      17,286

183

Land

30,000

 

201

Accounts payable

 

22,834

209

Salaries payable

 

5,223

233

Unearned fees

 

4,623

301

F. Planta, Capital

 

73,661

302

F. Planta, Withdrawals

11,979

 

401

Plumbing fees earned

 

70,000

611

Depreciation expense-Trucks

5,762

 

622

Salaries expense

32,760

 

640

Rent expense

10,640

 

677

Miscellaneous expenses

6.860

 

 

Totals

$      193.627

$ 193.627

Reference no: EM132582525

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