EX 4-2. Classifying Accounts OBJ. 1, 2 Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b) liability, (c) revenue, or (d) expense. Accounts Receivable Equipment Fees Earned Insurance Expense Land Prepaid Rent Rent Revenue Salary Expense Salary Payable Supplies Unearned Rent Wages Payable EX 4-3. Financial Statements from the End-of-Period Spreadsheet OBJ. 1, 2 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: An end-of-period spreadsheet for Bamboo Consulting for the year ended July 31, 2 0 Y 5, is shown. The amounts related to the unadjusted trial balance are shown in the Unadjusted Trial Balance columns of the spreadsheet. The following accounts and amounts are shown: Cash, debit balance of 58,000; Accounts Receivable, debit balance of 106,200; Supplies, debit balance of 11,900; Office Equipment, debit balance of 515,000; Accumulated Depreciation, credit balance of 28,000; Accounts Payable, credit balance of 20,500; Salaries Payable, blank; Lisa Gooch, Capital, credit balance of 516,700; Lisa Gooch, Drawing, debit balance of 25,000; Fees Earned, credit balance of 348,500; Salary Expense, debit balance of 186,500; Supplies Expense, blank; Depreciation Expense, blank; and Miscellaneous Expense, debit balance of 11,100. A single rule appears below the number 11,100 in the Debit column and on this line in the Credit column. The total of the Debit column is 913,700. A double rule underscores this number. The total of the Credit column is 913,700 as well. A double rule also underscores this number. The amounts related to the adjustment entries for Bamboo Consulting are shown in the Adjustments columns of the spreadsheet. The debit and credit of each adjustment is cross-referenced by letters (a) through (c). The following adjustments are shown: Adjusting entry (a) has a debit of 7,500 to Supplies Expense and a credit of 7,500 to Supplies. Adjusting entry (b) has a debit of 5,600 to Depreciation Expense and a credit of 5,600 to Accumulated Depreciation. Adjusting entry (c) has a debit of 2,500 to Salary Expense and a credit of 2,500 to Salaries Payable. A single rule appears at the bottom of the Debit and Credit columns. Below the single rules, the totals of the Debit and Credit columns are shown: 15,600 for both columns. A double rule underscores this number in both columns. Adjusted trial balance amounts for Bamboo Consulting are shown in the last two columns of the spreadsheet. The following accounts and amounts are shown: Cash, debit balance of 58,000; Accounts Receivable, debit balance of 106,200; Supplies, debit balance of 4,400; Office Equipment, debit balance of 515,000; Accumulated Depreciation, credit balance of 33,600; Accounts Payable, credit balance of 20,500; Salaries Payable, credit balance of 2,500; Lisa Gooch, Capital, credit balance of 516,700; Lisa Gooch, Drawing, debit balance of 25,000; Fees Earned, credit balance of 348,500; Salary Expense, debit balance of 189,000; Supplies Expense, debit balance of 7,500; Depreciation Expense, debit balance of 5,600; and Miscellaneous Expense, debit balance of 11,100. A single rule appears below the number 11,100 in the Debit column and on this line in the Credit column. The total of the Debit column is 921,800. A double rule underscores this number. The total of the Credit column is 921,800, as well. A double rule also underscores this number. Based on the preceding spreadsheet, prepare an income statement, statement of owners equity, and balance sheet for Bamboo Consulting.