EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts 06). 1, 2 Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b) liability, ) revenue, or (d) expense. 1. Accounts Receivable 7. Rent Revenue 2. Equipment 8. Salary Expense 3. Fees Earned 9. Salary Payable 4. Insurance Expense 10. Supplies S. Land 11. Unearned Rent 6. Prepaid Rent 12. Wages Payable OBJ. 1,2 Chapter 4 Completing the Accounting Cycle 207 EX 4-3 Financial statements from the end-of-period spreadsheet 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, 2019: A BC D E F G Bamboo Consulting 2 End-of-Period Spreadsheet 3 For the Year Ended July 31, 2019 4 Unadjusted Adjusted 5 Trial Balance Adjustments Trial Balance 6| Account Title Dr. Cr. Dr. Cr. Dr. Cr. 7 8 Cash 58,000 58,000 9 Accounts Receivable 106,200 106,200 10 Supplies 11,900 [(a) 7,500 4,400 11 Office Equipment 515,000 515,000 12 Accumulated Depreciation 28,000 b) 5,600 33,600 13 Accounts Payable 20,500 20,500 14 Salaries Payable 2,500 516,700 15 Lisa Gooch, Capital 516,700 16 Lisa Gooch, Drawing 25,000 25,000 348,500 17 Fees Earned 348,500 186,500 18 Salary Expense 189,000 (c) 2.500 (a) 7,500 7,500 19 Supplies Expenso (b) 5,600 5,600 20 Depreciation Expanse 11.100 21 Miscellaneous Expanse 11,100; 913,700 913,700 15 600 15.600 921,800 921.800 22 123 Based on the preceding spreadsheet, prepare an income statement, statement of owners equity, and balance sheet for Hamboo Consulting. C) 2,500 EX 4.5 Income statement OBJ. 2 The following account balances were taken from the adjusted trial balance for Laser Mes. senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. come statement; net loss OBJ. 2 The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $ 7,500 Service Revenue 5448,400 Insurance Expense 3,000 Supplies Expense 2,750 Miscellaneous Expense 8,150 Utilities Expense 33,900 Rent Expense 54,000 Wages Expense 360,000 Prepare an income statement