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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
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, 20Y5: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 20Y5 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 9,640 9,640 Accounts Receivable 22,960 22,960 Supplies 2,430 (a) 2,040 390 Office Equipment 18,830 18,830 Accumulated Depreciation 2,550 (b) 1,220 3,770 Accounts Payable 6,200 6,200 Salaries Payable (c) 300 300 Lisa Gooch, Capital 23,420 23,420 Lisa Gooch, Drawing 2,980 2,980 Fees Earned 43,500 43,500 Salary Expense 16,990 (c) 300 17,290 Supplies Expense (a) 2,040 2,040 Depreciation Expense (b) 1,220 1,220 Miscellaneous Expense 1,840 1,840 75,670 75,670 3,560 3,560 77,190 77,190 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 20Y5 Accounts receivable Cash Equipment Fees earned Supplies Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2015 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Current assets: Balance Sheet July 31, 20Y5 Assets Accounts payable Cash Fees earned Net income Office equipment ets 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
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