{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T00:08:43-04:00", "answer_date": "2024-05-25 00:08:43", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1657314", "url": "\/study-help\/questions\/financial-statements-from-the-endofperiod-spreadsheet-demo-consulting-is-a-1657314", "question_creation_date_js": "2024-05-25T00:08:43-04:00", "question_creation_date": "May 25, 2024 12:08 AM", "meta_title": "[Solved] Financial Statements from the End-of-Peri | SolutionInn", "meta_description": "Answer of - Financial Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting firm owned and operated by Jes | SolutionInn", "meta_keywords": "financial,statements,end--period,spreadsheet,demo,consulting,firm,owned,operated,jesse,flatt,prepared", "question_title_h1": " 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", "question_title": " Financial Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting", "question_title_for_js_snippet": "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, 20Y9 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr Cr Dr Cr Dr Cr Cash 9,410 9,410 Accounts Receivable 22,410 22,410 Supplies 2,380 1,990 390 Land 19,050 19,050 Office Equipment 17,930 17,930 Accumulated Depreciation 2,490 1,190 3,680 Accounts Payable 6,050 6,050 Salaries Payable 290 290 Common Stock 7,500 7,500 Retained Earnings 15,360 15,360 Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 2,910 2,910 60,840 60,840 16,360 290 16,650 1,990 1,990 1,190 1,190 1,790 1,790 92,240 92,240 3,470 3,470 93,720 93,720 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting Demo Consulting Income Statement For the Year Ended August 31, 20Y9 Expenses Total expenses Accounting numeric field Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting During the year ended August 31, 20Y9, $3,000 of additional common stock was issued If an amount box does not require an entry, leave 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 Year Ended August 31, 20Y9 Common Stock Retained Earnings Total Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting Current assets Demo Consulting Balance Sheet August 31, 2019 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", "question_description": "\"image\"image\"image", "transcribed_text": "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, 20Y9 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 9,410 9,410 Accounts Receivable 22,410 22,410 Supplies 2,380 1,990 390 Land 19,050 19,050 Office Equipment 17,930 17,930 Accumulated Depreciation 2,490 1,190 3,680 Accounts Payable 6,050 6,050 Salaries Payable 290 290 Common Stock 7,500 7,500 Retained Earnings 15,360 15,360 Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 2,910 2,910 60,840 60,840 16,360 290 16,650 1,990 1,990 1,190 1,190 1,790 1,790 92,240 92,240 3,470 3,470 93,720 93,720 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting Income Statement For the Year Ended August 31, 20Y9 Expenses: Total expenses Accounting numeric field Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 20Y9, $3,000 of additional common stock was issued. If an amount box does not require an entry, leave 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 Year Ended August 31, 20Y9 Common Stock Retained Earnings Total Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting. Current assets: Demo Consulting Balance Sheet August 31, 2019 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", "related_book": { "title": "Intermediate Accounting", "isbn": "032459237X, 978-0324592375", "edition": "17th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/92.jpg", "uri": "\/textbooks\/intermediate-accounting-17th-edition-92", "see_more_uri": "" }, "free_related_book": { "isbn": "0471750859", "uri": "\/textbooks\/intermediate-accounting-problem-solving-survival-guide-12th-edition-9780471750857", "name": "Intermediate Accounting Problem Solving Survival Guide Volume 1 Chapters 1-14", "edition": "12th Edition" }, "question_posted": "2024-05-25 00:08:43", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/using-a-resourcebased-view-explain-why-some-firms-improve-their-economic", "description": "Using a resource-based view, explain why some firms improve their economic performance by adopting a CSR strategy, whereas others achieve no results or damaging results.", "stars": 3 }, { "url": "\/the-actuary-for-the-pension-plan-of-brush-inc-calculated", "description": "The actuary for the pension plan of Brush Inc. calculated the following net actuarial gains and losses: Other information about the companys pension obligation and plan assets is as follows: Brush...", "stars": 3 }, { "url": "\/study-help\/college-algebra\/problems-6776-are-based-on-material-learned-earlier-in-the-course-the-purpose-of-these", "description": "Problems 6776 are based on material learned earlier in the course. 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