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Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for
Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 27,000 27,000 Accounts Receivable 53,500 53,500 3,000 (a) 2,100 900 Supplies Office Equipment 30,500 30,500 Accumulated Depreciation 4,500 (b) 1,500 6,000 Accounts Payable 3,300 3,300 Salaries Payable (c) 375 375 82,200 82,200 Jayson Neese, Capital Jayson Neese, Drawing Fees Earned 2,000 2,000 60,000 60,000 32,000 (c) 375 32,375 (a) 2,100 2,100 Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense (b) 1,500 1,500 2,000 2,000 150,000 150,000 3,975 3,975 151,875 151,875 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 30, 2019 UA $ Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2019 $ $ $ Based on the preceding spreadsheet, prepare a balance sheet for Elliptical C Elliptical Consulting Balance Sheet June 30, 2019 Assets Current assets: $ $ Total current assets Property, plant, and equipment: $ Total property, plant, and equipment 13 Total assets Liabilities Current liabilities: $ Total liabilities $ Owner's Equity. Total liabilities and owner's equity
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