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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 Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 12,190 12,190 Accounts Receivable 29,030 29,030 Supplies 3,080 (a) 2,580 500 Office Equipment 23,510 23,510 Accumulated Depreciation 3,220 (b) 1,540 4,760 Accounts Payable 7,840 7,840 Salaries Payable (c) 380 380 Lisa Gooch, Capital 29,610 29,610 Lisa Gooch, Drawing 3,770 3,770 Fees Earned 55,000 55,000 Salary Expense 21,770 (c) 380 22,150 Supplies Expense (a) 2,580 2,580 Depreciation Expense (b) 1,540. 1,540 Miscellaneous Expense 2,320 2,320 95,670 95,670 4,500 4,500 97,590 97,590 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 20Y5 Expenses: 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, 20Y5 $ $ Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 20Y5 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 100 0
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