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Financial Statements from the End-of-Period Spreadsheet Pacifica Consulting is a consulting firm owned and operated by Tara Milsap. The end-of-period spreadsheet shown below was prepared
Financial Statements from the End-of-Period Spreadsheet
Pacifica Consulting is a consulting firm owned and operated by Tara Milsap. The end-of-period spreadsheet shown below was prepared for the year ended August 31, 2014.
Pacifica Consulting | ||||||||
End-of-Period Spreadsheet | ||||||||
For the Year Ended August 31, 2014 | ||||||||
Unadjusted | Adjusted | |||||||
Trial Balance | Adjustments | Trial Balance | ||||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | ||
Cash | 10,160 | 10,160 | ||||||
Accounts Receivable | 24,200 | 24,200 | ||||||
Supplies | 2,570 | (a) | 2,150 | 420 | ||||
Office Equipment | 19,600 | 19,600 | ||||||
Accumulated Depreciation | 2,690 | (b) | 1,280 | 3,970 | ||||
Accounts Payable | 6,530 | 6,530 | ||||||
Salaries Payable | (c) | 310 | 310 | |||||
Capital Stock | 8,100 | 8,100 | ||||||
Retained Earnings | 16,580 | 16,580 | ||||||
Dividends | 3,150 | 3,150 | ||||||
Fees Earned | 46,350 | 46,350 | ||||||
Salary Expense | 18,630 | (c) | 310 | 18,940 | ||||
Supplies Expense | (a) | 2,150 | 2,150 | |||||
Depreciation Expense | (b) | 1,280 | 1,280 | |||||
Miscellaneous Expense | 1,940 | 1,940 | ||||||
80,250 | 80,250 | 3,740 | 3,740 | 81,840 | 81,840 |
I need help on preparing an Income Statement, Retainted Earnings Statement, and Balance Sheet for Pacifica Counsuting.
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