Financial statements from the end$-$of$-$period spreadsheet

Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end$-$of$-$period spreadsheet was prepared for the year ended March $31,20$Y$9$:

During the year ended March $31,20$Y$9,$ Mary Paoli invested an additional $$3,300$ in the business.

Paoli Consulting

End$-$of$-$Period Spreadsheet

For the Year Ended March $31,20$Y$9$

Account Title Unadjusted

Trial Balance

Dr$.$ Unadjusted

Trial Balance

Cr$.$ Adjustments

Dr$.$ Adjustments

Cr$.$ Adjusted

Trial Balance

Dr$.$ Adjusted

Trial Balance

Cr$.$

Cash $10,58010,580$

Accounts Receivable $25,20025,200$

Supplies $2,6702,240430$

Land $21,67021,670$

Building $20,41020,410$

Accumulated Depreciation $2,8001,3404,140$

Accounts Payable $6,8006,800$

Salaries Payable $330330$

Mary Paoli, Capital $25,70025,700$

Mary Paoli, Drawing $3,2803,280$

Fees Earned $68,93068,930$

Salary Expense $18,40033018,730$

Supplies Expense $2,2402,240$

Depreciation Expense $1,3401,340$

Miscellaneous Expense $2,0202,020$

Total $104,230104,2303,9103,910105,900105,900$

Question Content Area

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

Based on the preceding spreadsheet, prepare a statement of owner$$s equity for Paoli Consulting. If an amount box does not require an entry, leave it blank. If a net loss is incurred or Mary Paoli, Drawing were paid, enter that amount as a negative number using a minus sign.

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