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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

  1. 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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