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Financial Statements from the End-of-Period Spreadsheet Paoli Consulting is a consulting firm owned and operated by Mary Paoll. The following end-of-period spreadsheet was prepared for
Financial Statements from the End-of-Period Spreadsheet Paoli Consulting is a consulting firm owned and operated by Mary Paoll. The following end-of-period spreadsheet was prepared for the year ended March 31, 2019: During the year ended March 31, 2019, $2,600 of additional common stock was issued. Paoli Consulting End-of-Period Spreadsheet For the Year Ended March 31, 2019 Unadjusted Trial Balance Unadjusted Trial Balance Adjustments Adjustments Adjusted Trial Balance Adjusted Trial Balance Account Title Cash Dr. Cr. Dr. Dr. 8,140 8,140 Accounts Receivable 19,300 10,300 Supplies - 2,050 1.720 330 Land 16.470 16.470 Building 15.500 15.300 Accumulated Depreciation 2,150 3,030 3.180 Accounts Payable Salaries Payable Common Stock 5,230 5,230 250 250 Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense 6,500 13,270 2,520 53,190 14,730 250 1,720 1,030 6,500 13,270 2,320 53,190 14,980 1,720 1,000 Miscellaneous Expense 1,550 1,550 80,340 80,340 3,000 3,000 81,620 01,620 Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting. Paoli Consulting Income Statement For the Year Ended March 31, 2019 Line Item Description Amount Amount Total expenses Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Paok Consulting. If an amount box dees number using a minus sign Paoli Consulting Statement of Stockholders' Equity For the Year Ended March 31, 2019 Common Retained Stock Earnings Line Item Description Total Based on the preceding spreadsheet, prepare a balance sheet for Pack Consulting Paoli Consulting Based on the preceding spreadsheet, prepare a balance sheet for Paoli Consulting. Paoli Consulting Line Item Description Assets Current assets: Balance Sheet March 31, 20Y9 Amount Amount Amount 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 00 00
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