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Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr.
Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 9,800 9,800 Accounts Receivable 23,330 23,330 Supplies 2,470 (a) 2,080 390 Office Equipment 19,130 19,130 Accumulated Depreciation 2,590 (b) 1,240 3,830 Accounts Payable 6,300 6,300 Salaries Payable (c) 300 300 Lisa Gooch, Capital 23,800 23,800 Lisa Gooch, Drawing 3,030 3,030 Fees Earned 44,440 44,440 Salary Expense 17,500 (c) 300 17,800 Supplies Expense Depreciation Expense (a) 2,080 2,080 (b) 1,240 1,240 Miscellaneous Expense 1,870 1,870 77,130 77,130 3,620 3,620 78,670 78,670 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019 Fees earned 44,440 Expenses: Salary expense 17,800 Supplies expense 2,080 Depreciation expense 1,240 Miscellaneous expense 1,870 Total expenses 22,990 Net income 21,450 Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2019 Lisa Gooch, capital, August 1, 2018 Net income Withdrawals Increase in owner's equity Lisa Gooch, capital, July 31, 2019 23,800 3,030 X 3,480 X 20,900 X 48,240 X Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Current assets: Balance Sheet July 31, 2019 Assets Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity
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