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:

Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2049 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Dr. Cr. Dr. Cr. Dr. Cr. Account Title Cash 11,730 11,730 27,940 27,940 Accounts Receivable Supplies 2,490 470 2,960 23,750 23,750 22,350 22,350 1,480 4,580 Land Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings 3,100 7,540 7,540 360 360 9,400 9,400 19,100 19,100 Dividends 3,630 3,630 Fees Earned 75,860 75,860 20,400 360 20,760 2,490 2,490 Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 1,480 1,480 2,240 2,240 115,000 115,000 4,330 4,330 116,840 116,840 Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting. Demo Consulting Balance Sheet August 31, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting Income Statement For the Year Ended August 31, 2049 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 2049, $3,700 of additional common stock was issued. If an amount box does not require an entry, it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Demo Consulting Statement of Stockholders' Equity For the ear Ended August 31, Common Stock Retained Earnings Total