Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr.

Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 15,600 15,600 Accounts Receivable 37,140 37,140 Supplies 3,940 (a) 3,310 630 Office Equipment 30,080 30,080 Accumulated Depreciation 4,120 (b) 1,970 6,090 Accounts Payable 10,030 10,030 Salaries Payable (c) 480 4801 Jayson Neese, Capital 37,880 37,880 Jayson Neese, Drawing 4,830 4,830 Fees Earned 70,010 70,010 Salary Expense 27,480 (c) 480 27,960 Supplies Expense (a) 3,310 3,310 Depreciation Expense (b) 1,970 1,970 Miscellaneous Expense 2,970 2,970 122,040 122,040 5,760 5,760 124,490 124,490 Consulting Income Statement For the Year Ended June 30, 2019 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Current assets: 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What were the reasons for your conversion or resistance?

Answered: 1 week ago