Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 20Y9:

	Demo Consulting
	End-of-Period Spreadsheet
	For the Year Ended August 31, 20Y9
	Unadjusted						Adjusted
	Trial Balance		Adjustments				Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	9,720						9,720
Accounts Receivable	23,150						23,150
Supplies	2,450					2,060	390
Land	20,140						20,140
Office Equipment	18,980						18,980
Accumulated Depreciation		2,570				1,230		3,800
Accounts Payable		6,250						6,250
Salaries Payable						300		300
Common Stock		7,800						7,800
Retained Earnings		15,810						15,810
Dividends	3,010						3,010
Fees Earned		63,770						63,770
Salary Expense	16,900			300			17,200
Supplies Expense				2,060			2,060
Depreciation Expense				1,230			1,230
Miscellaneous Expense	1,850						1,850
	96,200	96,200		3,590		3,590	97,730	97,730

Question Content Area

Based on the preceding spreadsheet, prepare an income statement for Demo Consulting.

Demo Consulting Income Statement For the Year Ended August 31, 20Y9

Accounts receivableCashEquipmentFees earnedSupplies		$- Select -
Expenses:
Accounts payableCashFees earnedSalaries payableSalary expense	$- Select -
Accounts payableDividendsOffice equipmentSuppliesSupplies expense	- Select -
Accounts payableAccounts receivableAccumulated depreciationDepreciation expenseSupplies	- Select -
Accounts payableAccumulated depreciationCashCommon stockMiscellaneous expense	- Select -
Total expenses		fill in the blank 5a138cf7afadfc0_11
Net incomeNet loss		$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare a statement of stockholders equity for Demo Consulting. During the year ended August 31, 20Y9, $3,100 of additional common stock was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.

Demo Consulting Statement of Stockholders Equity For the Year Ended August 31, 20Y9

blank	Common Stock	Retained Earnings	Total
Balances, September 1, 20Y8Balances, August 31, 20Y9CashNet incomeSupplies	$- Select -	$- Select -	$- Select -
Accounts payableCashIssued common stockOffice equipmentSalaries payable	- Select -	- Select -	- Select -
Accounts payableCashNet incomeOffice equipmentSalaries payable	- Select -	- Select -	- Select -
Accounts payableCashDividendsFees earnedOffice equipment	- Select -	- Select -	- Select -
Balances, September 1, 20Y8Balances, August 31, 20Y9CashNet incomeSupplies	$- Select -	$- Select -	$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting.

Demo Consulting Balance Sheet August 31, 20Y9

Assets
Current assets:	blank
Accounts payableCashFees earnedNet incomeOffice equipment	blank	$- Select -
Accounts payableAccounts receivableFees earnedOffice equipmentSupplies expense	blank	- Select -
Accounts payableCashCommon stockRetained earningsSupplies	blank	- Select -
Total current assets	blank		$fill in the blank ddb9a006d043061_7
Property, plant, and equipment:	blank
CashDepreciation expenseLandRetained earningsSupplies	blank	$- Select -	blank
CashDepreciation expenseOffice equipmentRetained earningsSupplies	$- Select -	blank
Accounts payableAccumulated depreciationCashDepreciation expenseDividends	- Select -	blank
Accounts payableBook value-office equipmentCashDepreciation expenseDividends	blank	- Select -	blank
Total property, plant, and equipment	blank		fill in the blank ddb9a006d043061_16
Total assets	blank		$fill in the blank ddb9a006d043061_17
Liabilities
Current liabilities:	blank
Accounts payableAccounts receivableFees earnedOffice equipmentRetained earnings	blank	$- Select -
CashNet incomeOffice equipmentSalaries payableSalary expense	blank	- Select -
Total liabilities	blank		$fill in the blank ddb9a006d043061_22
Stockholders' Equity
Accounts receivableCommon stockNet incomeOffice equipmentSupplies	blank	$- Select -
Accounts receivableNet incomeOffice equipmentRetained earningsSupplies	blank	- Select -
Total stockholders' equity	blank		fill in the blank ddb9a006d043061_27
Total liabilities and stockholders' equity	blank		$fill in the blank ddb9a006d043061_28