Financial Statements from the End$-$of$-$Period Spreadsheet

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end$-$of$-$period spreadsheet was prepared for the year ended June $30,20$Y$6$:

EI

End$-$o

For the $Y$

Unadjusted

Trial Balance

Account Title

Dr$.$

Cr$.$

Cash

$15,570$

Accounts Receivable

$37,080$

Supplies

$3,930$

Office Equipment

$30,030$

Accumulated Depreciation

$4,120$

Accounts Payable

$10,010$

Salaries Payable

Jayson Neese, Capital

$37,820$

Jayson Neese, Drawing

$4,820$

Fees Earned

$70,260$

Salary Expense

$27,810$

Supplies Expense

Depreciation Expense

Miscellaneous Expense

$122,210,122,210$

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

Elliptical Consulting

Income Statement

End$-$of$-$Period Spreadsheet

For the Year Ended June $30,20$ Y$6$

$\backslash$table$[[\backslash$table$[[$ted$],[$ince$]],$Adjustments,$\backslash$table$[[$Adjusted$],[$Trial Balance$]]],[$Cr$.,$Dr$.,$Cr$.,$Dr$.,$Cr$.],[,,15,570,],[,,37,080,],[,($a$)3,300,630,],[,,30,030,],[4,120,,($b$),970,,6,090],[10,010,,,,10,010],[,($c$)480,,480],[37,820,,,,37,820],[,,4,820,],[70,260,,,,70,260],[($c$)480,,28,290,],[($a$)3,300,,3,300,],[($b$)1,970,,1,970,],[,,2,970,],[122,210,5,750,5,750,124,660,124,660]]$

Based receding spreadsheet, prepare an income statement for Elliptical Consulting.

Elliptical Consulting

Income Statement

For the Year Ended June $30,20$ Y$6$

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 $30,20$ Y$6$

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

Elliptical Consulting

Balance Sheet

June $30,20Y6$

Assets

Current assets:

Elliptical Consulting.

Elliptical Consulting

Balance Sheet

June $30,20Y6$

Assets

Current 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.