Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-perlod spreadsheet was prepared for the year ended July 1, 2015 Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2045 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Cr. Cr. Dr. Dr. Cash 11,360 27,040 2,870 22,170 11,360 27,040 460 (a) 2,410 22,170 (b) 1,430 4,430 3,000 7.300 7,300 350 (c) 350 Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Lisa Gooch, Capital Lisa Gooch, Drawing Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 27,580 27.580 3,520 3,520 50,980 50,980 19,740 20,090 (c) 350 (a) 2,410 (b) 1,430 2,410 1,430 2,160 2,160 88,860 88,860 4,190 4,190 90,640 90,640 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2015 Fees earned 50,980 $ 20,090 Expenses: Salary expense Supplies expense Depreciation expense 2,410 1,430 Miscellaneous expense 2,160 Total expenses 26,090 Net income 24,890 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, 2015 Lisa Gooch, capital, August 1, 2014 27,580 Net income 24,890 Withdrawals 3,520 Increase in owner's equity 1 Lisa Gooch, capital, July 31, 2015 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 2015 Assets Current assets: Cash Accounts receivable Supplies Total current assets Property, plant, and equipment: Office equipment Less accumulated depreciation Total property, plant, and equipment o Total assets Liabilities Current liabilities: Salaries payable Total liabilities $ Owner's Equity Lisa Gooch, capital Total liabilities and owner's equity