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

Accounts receivableCashEquipmentFees earnedSupplies		$- Select -
Expenses:
Accounts payableCashFees earnedSalaries payableSalary expense	$- Select -
Accounts payableOffice equipmentRetained earningsSupplies expenseSupplies	- Select -
Accounts payableAccounts receivableAccumulated depreciationDepreciation expenseSupplies	- Select -
Accounts payableAccumulated depreciationCashMiscellaneous expenseRetained earnings	- Select -
Total expenses		fill in the blank 51108b06afdc06b_11
Net incomeNet loss		$- Select -

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
Balances, September 1, 20Y8Balances, August 31, 20Y9CashNet incomeSupplies	$- Select -	$- Select -	$- Select -
Accounts payableCashIssued common stockOffice equipmentSalaries payable	- Select -	- Select -	- Select -
Accounts payableCashNet incomeOffice equipmentSalaries payable	- Select -	- Select -	- Select -
Accounts payableCashDividendsFees earnedOffice equipment	- Select -	- Select -	- Select -
Balances, September 1, 20Y8Balances, August 31, 20Y9CashNet incomeSupplies	$- Select -	$- Select -	$- Select -

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

Demo Consulting Balance Sheet August 31, 20Y9

Assets
Current assets:
Accounts payableCashFees earnedNet incomeOffice equipment		$- Select -
Accounts payableAccounts receivableFees earnedOffice equipmentSupplies expense		- Select -
Accounts payableCashCommon stockRetained earningsSupplies		- Select -
Total current assets
Property, plant, and equipment:
CashDepreciation expenseLandRetained earningsSupplies		$- Select -
CashDepreciation expenseOffice equipmentRetained earningsSupplies	$- Select -
Accounts payableAccumulated depreciationCashDepreciation expenseDividends	- Select -
Accounts payableBook value-office equipmentCashDepreciation expenseDividends		- Select -
Total property, plant, and equipment			fill in the blank e88545096017ffa_16
Total assets
Liabilities
Current liabilities:
Accounts payableAccounts receivableFees earnedOffice equipmentRetained earnings		$- Select -
CashNet incomeOffice equipmentSalaries payableSalary expense		- Select -
Total liabilities
Stockholders' Equity
Accounts receivableCommon stockNet incomeOffice equipmentSupplies		$- Select -
Accounts receivableNet incomeOffice equipmentRetained earningsSupplies		- Select -