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Financat statements from the End-of-Period Spreadsheet Demo Consulting is a consulting hem owned and operated by Jesse Flott. The following end-of-period spreadsheet was prepared for

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Financat statements from the End-of-Period Spreadsheet Demo Consulting is a consulting hem owned and operated by Jesse Flott. The following end-of-period spreadsheet was prepared for the year ended August 31, 2010 Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 10,730 10,730 Accounts Receivable 25,540 25,540 Supplies 2,710 2.270 440 Land 21,960 21,960 Office Equipment 20,690 20,690 Accumulated Depreciation 2,830 1,350 4,180 Accounts Payable 6,900 6.900 Salaries Payable 330 330 Common Stock 5,600 1,600 Retained Earnings 17,450 Dividends 3,320 3,320 Fees Earned 70,370 70,370 Salary Expense 19,160 330 19,490 17,450+ 19,160 330 2,270 Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 19,490 2,270 1,350 1,350 2,040 2,040 107,830 106,150 106,150 3,950 3,950 107,830 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting Demo Consulting Income Statement For the Year Ended August 31, 2019 Fees earned 70.370 Expenses Salary expense 19,490 Supplies expense 2,270 Depreciation expense 1.350 Miscellaneous expense 2,040 Total expenses 25150 Net Income 45.120 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 2019, $3,400 of additional common stock was sued an amount box does taule an entry Inanithank net loss is incurred or dividends were mairtant that. Antanana Based on the preceding spreadsheet.prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 2049, 55,400 of additional common stock was issued. 17 an amount box does not require an entry, leave it blank. If 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, 2019 Common Stock Retained Earnings Total Balances, September 1, 2018 3.600 19.450 Tasued common stock 3.600 Net Income Dividends Balances, August 31, 2019 Based on the preceding Spreadsheet, prepare a balance sheet for Demo Consulting. Demo Consulting Balance Sheet August 31, 2049 Assets Current assets Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current Habilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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