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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
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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 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 7,900 7,900 Accounts Receivable 18,810 18,810 Supplies 1,990 (a) 1,670 320 Office Equipment 15,420 15,420 Accumulated Depreciation 2,090 (b) 1,000 3,090 Accounts Payable 5,080 5,080 Salaries Payable (c) 240 240 Lisa Gooch, Capital 19,190 19,190 Lisa Gooch, Drawing 2,450 2,450 Fees Earned 35,630 35,630 Salary Expense 13,920 (c) 240 14,160 Supplies Expense (a) 1,670 1,670 Depreciation Expense (b) 1,000 1,000 Miscellaneous Expense 1,500 1,500 61,990 61,990 2,910 2,910 63,230 63,230
Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting.
Bamboo Consulting Income Statement For the Year Ended July 31, 20Y5 $fill in the blank 060ded075043fd8_2 Expenses: $fill in the blank 060ded075043fd8_4 fill in the blank 060ded075043fd8_6 fill in the blank 060ded075043fd8_8 fill in the blank 060ded075043fd8_10 Total expenses fill in the blank 060ded075043fd8_11 $fill in the blank 060ded075043fd8_13
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 $fill in the blank f714c5065030fd0_2 $fill in the blank f714c5065030fd0_4 fill in the blank f714c5065030fd0_6 fill in the blank f714c5065030fd0_8 $fill in the blank f714c5065030fd0_10
Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting.
Bamboo Consulting Balance Sheet July 31, 20Y5 Assets Current assets: $fill in the blank ce2812fb104b039_2 fill in the blank ce2812fb104b039_4 fill in the blank ce2812fb104b039_6 Total current assets $fill in the blank ce2812fb104b039_7 Property, plant, and equipment: $fill in the blank ce2812fb104b039_9 fill in the blank ce2812fb104b039_11 Total property, plant, and equipment fill in the blank ce2812fb104b039_12 Total assets $fill in the blank ce2812fb104b039_13 Liabilities Current liabilities: $fill in the blank ce2812fb104b039_15 fill in the blank ce2812fb104b039_17 Total liabilities $fill in the blank ce2812fb104b039_18 Owner's Equity fill in the blank ce2812fb104b039_20 Total liabilities and owner's equity $fill in the blank ce2812fb104b039_21
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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 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 | 7,900 | 7,900 | ||||||
| Accounts Receivable | 18,810 | 18,810 | ||||||
| Supplies | 1,990 | (a) 1,670 | 320 | |||||
| Office Equipment | 15,420 | 15,420 | ||||||
| Accumulated Depreciation | 2,090 | (b) 1,000 | 3,090 | |||||
| Accounts Payable | 5,080 | 5,080 | ||||||
| Salaries Payable | (c) 240 | 240 | ||||||
| Lisa Gooch, Capital | 19,190 | 19,190 | ||||||
| Lisa Gooch, Drawing | 2,450 | 2,450 | ||||||
| Fees Earned | 35,630 | 35,630 | ||||||
| Salary Expense | 13,920 | (c) 240 | 14,160 | |||||
| Supplies Expense | (a) 1,670 | 1,670 | ||||||
| Depreciation Expense | (b) 1,000 | 1,000 | ||||||
| Miscellaneous Expense | 1,500 | 1,500 | ||||||
| 61,990 | 61,990 | 2,910 | 2,910 | 63,230 | 63,230 | |||
Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting.
| Bamboo Consulting | ||
| Income Statement | ||
| For the Year Ended July 31, 20Y5 | ||
| $fill in the blank 060ded075043fd8_2 | ||
| Expenses: | ||
| $fill in the blank 060ded075043fd8_4 | ||
| fill in the blank 060ded075043fd8_6 | ||
| fill in the blank 060ded075043fd8_8 | ||
| fill in the blank 060ded075043fd8_10 | ||
| Total expenses | fill in the blank 060ded075043fd8_11 | |
| $fill in the blank 060ded075043fd8_13 | ||
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 | ||
| $fill in the blank f714c5065030fd0_2 | ||
| $fill in the blank f714c5065030fd0_4 | ||
| fill in the blank f714c5065030fd0_6 | ||
| fill in the blank f714c5065030fd0_8 | ||
| $fill in the blank f714c5065030fd0_10 | ||
Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting.
| Bamboo Consulting | ||
| Balance Sheet | ||
| July 31, 20Y5 | ||
| Assets | ||
| Current assets: | ||
| $fill in the blank ce2812fb104b039_2 | ||
| fill in the blank ce2812fb104b039_4 | ||
| fill in the blank ce2812fb104b039_6 | ||
| Total current assets | $fill in the blank ce2812fb104b039_7 | |
| Property, plant, and equipment: | ||
| $fill in the blank ce2812fb104b039_9 | ||
| fill in the blank ce2812fb104b039_11 | ||
| Total property, plant, and equipment | fill in the blank ce2812fb104b039_12 | |
| Total assets | $fill in the blank ce2812fb104b039_13 | |
| Liabilities | ||
| Current liabilities: | ||
| $fill in the blank ce2812fb104b039_15 | ||
| fill in the blank ce2812fb104b039_17 | ||
| Total liabilities | $fill in the blank ce2812fb104b039_18 | |
| Owner's Equity | ||
| fill in the blank ce2812fb104b039_20 | ||
| Total liabilities and owner's equity | $fill in the blank ce2812fb104b039_21 | |
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