Financial Statements from the End-of-Period Spreadsheet

Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was prepared for the year ended October 31, 2018:

	Taser Consulting
	End-of-Period Spreadsheet
	For the Year Ended October 31, 2018
	Unadjusted						Adjusted
	Trial Balance		Adjustments				Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	9,570						9,570
Accounts Receivable	22,790						22,790
Supplies	2,420					2,030	390
Office Equipment	18,230						18,230
Accumulated Depreciation		2,530				1,210		3,740
Accounts Payable		6,150						6,150
Salaries Payable						300		300
Common Stock		7,700						7,700
Retained Earnings		15,550						15,550
Dividends	2,960						2,960
Fees Earned		42,950						42,950
Salary Expense	17,090			300			17,390
Supplies Expense				2,030			2,030
Depreciation Expense				1,210			1,210
Miscellaneous Expense	1,820						1,820
	74,880	74,880		3,540		3,540	76,390	76,390

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

Taser Consulting
Income Statement
For the Year Ended October 31, 2018
		$
Expenses:
	$
Total expenses
		$

Based on the preceding spreadsheet, prepare a retained earnings statement for Taser Consulting.

Taser Consulting
Retained Earnings Statement
For the Year Ended October 31, 2018
Retained earnings, October 31, 2018		$
Net income	$
Dividends
Change in retained earnings
Retained earnings, October 31, 2018		$

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

Taser Consulting
Balance Sheet
October 31, 2018
Assets
Current assets:
	$
Total current assets		$
Property, plant, and equipment:
Office equipment	$
Accumulated depreciation
Total property, plant, and equipment
Total assets		$
Liabilities
Current liabilities:
	$
Total liabilities		$
Stockholders' Equity
Total stockholders' equity
Total liabilities and stockholders' equity		$