Question
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, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 11,270 11,270 Accounts Receivable 26,840 26,840 Supplies 2,850 (a) 2,390 460 Office Equipment 21,470 21,470 Accumulated Depreciation 2,980 (b) 1,420 4,400 Accounts Payable 7,250 7,250 Salaries Payable (c) 350 350 Lisa Gooch, Capital 27,380 27,380 Lisa Gooch, Drawing 3,490 3,490 Fees Earned 50,860 50,860 Salary Expense 20,400 (c) 350 20,750 Supplies Expense (a) 2,390 2,390 Depreciation Expense (b) 1,420 1,420 Miscellaneous Expense 2,150 2,150 88,470 88,470 4,160 4,160 90,240 90,240 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019 Accounts receivable 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, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Current assets: Balance Sheet July 31, 2019 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 $ $
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