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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-percc 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-percc spreadsheet was prepared for the year ended July 31, 2015: Bamboo Consulting End-of-Perlod Spreadsheet For the Year Ended July 31, 2015 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cash 8,210 19 540 8,210 19,540 2,070 15,830 () 1.240 330 15,830 2,170 b) 1.040 5,290 3,2:0 5,280 250 (c) 250 Accounts Receivable Supplies Office Equipment Accumulated Depreciation Nccounts Payable Saisrics Payable Lisa Gooch, Capital Lisa Gooch, Drawing Foes Eamad Salary Expert Supplies Expense Depreciation Expense Miscellaneous Expense 19,930 2,510 37,030 14,660 19,630 2,540 37,030 14,910 1,740 (a) 1.740 (b) 1,040 1,040 1,560 64A10 64,410 1,560 3,030 55,700 65,709 3,030 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting Bamboo Consulting Income Statement For the Year Ended July 11, 2045 Fees earned $ Experses: Salary expense Supplies expense Depreciation expense Miscellaneous expense Tatal expenses Not income Based on the preceding spreadsheet, prepare a statement of one's equity Par Bamba Corsulting Bamboa Consulting Statement of Owner's Equity For the Year Ended July 31, 2015 Lisa Gooch, capital, August 1, 2014 $ Net income withdrawals Increase in owner's equity Lisa Gooch, capital, July 31, 2015 Feedback Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 2015 Current assets: Cash Accounts recevable v Supplies Total current assets Property, plant, and equipment: Office equipment Las cumulated depreciation Total property, pant, and couloment Total assets Liabilities Current liabilities: Accounts payable Salarios payable Total liabilities One's Fruity Lisa Gooch, capital Total liabilities and owner's equity
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