Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 20Y5:

Bamboo Consulting

End-of-Period Spreadsheet

For the Year Ended July 31, 20Y5

Unadjusted Trial Balance

Adjustments

Adjusted Trial Balance

Account Title

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

58,000

58,000

Accounts Receivable

106,200

106,200

Supplies

11,900

(a) 7,500

4,400

Office Equipment

515,000

515,000

Accumulated Depreciation

28,000

(b) 5,600

33,600

Accounts Payable

20,500

20,500

Salaries Payable

(c) 2,500

2,500

Lisa Gooch, Capital

516,700

516,700

Lisa Gooch, Drawing

25,000

25,000

Fees Earned

348,500

348,500

Salary Expense

186,500

(c) 2,500

189,000

Supplies Expense

(a) 7,500

7,500

Depreciation Expense

(b) 5,600

5,600

Miscellaneous Expense

11,100

11,100

913,700

913,700

15,600

15,600

921,800

921,800

Required:

Based on the preceding spreadsheet, prepare an income statement, statement of owners equity, and balance sheet for Bamboo Consulting. Be sure to read the instructions for each financial statement carefully.