Financial statements from the end-of-period spreadsheet

Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 20Y9:

During the year ended August 31, 20Y9, $15,000 of additional common stock was issued.

	Demo Consulting
	End-of-Period Spreadsheet
	For the Year Ended August 31, 20Y9
	Unadjusted						Adjusted
	Trial Balance		Adjustments				Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	182,500						182,500
Accounts Receivable	234,500						234,500
Supplies	27,600					22,600	5,000
Land	775,000						775,000
Office Equipment	400,000						400,000
Accumulated Depreciation		60,200				11,800		72,000
Accounts Payable		41,500						41,500
Salaries Payable						13,500		13,500
Common Stock		100,000						100,000
Retained Earnings		810,000						810,000
Dividends	30,000						30,000
Fees Earned		1,480,000						1,480,000
Salary Expense	829,600			13,500			843,100
Supplies Expense				22,600			22,600
Depreciation Expense				11,800			11,800
Miscellaneous Expense	12,500						12,500
	2,491,700	2,491,700		47,900		47,900	2,517,000	2,517,000

Based on the preceding spreadsheet, prepare an income statement for Demo Consulting.

Demo Consulting
Income Statement
For the Year Ended August 31, 20Y9
		$fill in the blank e5f607002067fc4_2
Expenses:
	$fill in the blank e5f607002067fc4_4
	fill in the blank e5f607002067fc4_6
	fill in the blank e5f607002067fc4_8
	fill in the blank e5f607002067fc4_10
Total expenses		fill in the blank e5f607002067fc4_11
		$fill in the blank e5f607002067fc4_13

Based on the preceding spreadsheet, prepare a statement of stockholders equity for Demo Consulting. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

Demo Consulting
Statement of Stockholders Equity
For the Year Ended August 31, 20Y9
	Common Stock	Retained Earnings	Total
	$fill in the blank 46d509feef8e053_2	$fill in the blank 46d509feef8e053_3	$fill in the blank 46d509feef8e053_4
	fill in the blank 46d509feef8e053_6	fill in the blank 46d509feef8e053_7	fill in the blank 46d509feef8e053_8
	fill in the blank 46d509feef8e053_10	fill in the blank 46d509feef8e053_11	fill in the blank 46d509feef8e053_12
	fill in the blank 46d509feef8e053_14	fill in the blank 46d509feef8e053_15	fill in the blank 46d509feef8e053_16
	$fill in the blank 46d509feef8e053_18	$fill in the blank 46d509feef8e053_19	$fill in the blank 46d509feef8e053_20

Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting.

Demo Consulting
Balance Sheet
August 31, 20Y9
Assets
Current assets:
		$fill in the blank 42ea0afbbf88f88_2
		fill in the blank 42ea0afbbf88f88_4
		fill in the blank 42ea0afbbf88f88_6
Total current assets			$fill in the blank 42ea0afbbf88f88_7
Property, plant, and equipment:
		$fill in the blank 42ea0afbbf88f88_9
	$fill in the blank 42ea0afbbf88f88_11
	fill in the blank 42ea0afbbf88f88_13
		fill in the blank 42ea0afbbf88f88_15
Total property, plant, and equipment			fill in the blank 42ea0afbbf88f88_16
Total assets			$fill in the blank 42ea0afbbf88f88_17
Liabilities
Current liabilities:
		$fill in the blank 42ea0afbbf88f88_19
		fill in the blank 42ea0afbbf88f88_21
Total liabilities			$fill in the blank 42ea0afbbf88f88_22
Stockholders' Equity
		$fill in the blank 42ea0afbbf88f88_24
		fill in the blank 42ea0afbbf88f88_26
Total stockholders' equity			fill in the blank 42ea0afbbf88f88_27
Total liabilities and stockholders' equity			$fill in the blank 42ea0afbbf88f88_28