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	10,990						10,990
Accounts Receivable	26,160						26,160
Supplies	2,770					2,330	440
Land	22,240						22,240
Office Equipment	20,930						20,930
Accumulated Depreciation		2,900				1,390		4,290
Accounts Payable		7,060						7,060
Salaries Payable						340		340
Common Stock		8,800						8,800
Retained Earnings		17,880						17,880
Dividends	3,400						3,400
Fees Earned		71,300						71,300
Salary Expense	19,360			340			19,700
Supplies Expense				2,330			2,330
Depreciation Expense				1,390			1,390
Miscellaneous Expense	2,090						2,090
	107,940	107,940		4,060		4,060	109,670	109,670

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

Demo Consulting
Income Statement
For the Year Ended August 31, 20Y9
Cash		$fill in the blank 5541d9f97f90fec_2
Expenses:
	$fill in the blank 5541d9f97f90fec_4
	fill in the blank 5541d9f97f90fec_6
	fill in the blank 5541d9f97f90fec_8
	fill in the blank 5541d9f97f90fec_10
Total expenses		fill in the blank 5541d9f97f90fec_11
		$fill in the blank 5541d9f97f90fec_13

Based on the preceding spreadsheet, prepare a statement of stockholders equity for Demo Consulting. During the year ended August 31, 20Y9, $3,500 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
	$fill in the blank a40923096069074_2	$fill in the blank a40923096069074_3	$fill in the blank a40923096069074_4
	fill in the blank a40923096069074_6	fill in the blank a40923096069074_7	fill in the blank a40923096069074_8
	fill in the blank a40923096069074_10	fill in the blank a40923096069074_11	fill in the blank a40923096069074_12
	fill in the blank a40923096069074_14	fill in the blank a40923096069074_15	fill in the blank a40923096069074_16
	$fill in the blank a40923096069074_18	$fill in the blank a40923096069074_19	$fill in the blank a40923096069074_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 180344fc905906f_2
		fill in the blank 180344fc905906f_4
		fill in the blank 180344fc905906f_6
Total current assets			$fill in the blank 180344fc905906f_7
Property, plant, and equipment:
		$fill in the blank 180344fc905906f_9
	$fill in the blank 180344fc905906f_11
	fill in the blank 180344fc905906f_13
		fill in the blank 180344fc905906f_15
Total property, plant, and equipment			fill in the blank 180344fc905906f_16
Total assets			$fill in the blank 180344fc905906f_17
Liabilities
Current liabilities:
		$fill in the blank 180344fc905906f_19
		fill in the blank 180344fc905906f_21
Total liabilities			$fill in the blank 180344fc905906f_22
Stockholders' Equity
		$fill in the blank 180344fc905906f_24
		fill in the blank 180344fc905906f_26
Total stockholders' equity			fill in the blank 180344fc905906f_27
Total liabilities and stockholders' equity			$fill in the blank 180344fc905906f_28