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Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for

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Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended April 30, 2013: Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2013 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Dr. Cr. Cr. Cash 13,220 31,470 3,340 25,810 13,220 31,470 2,800 Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable 540 25,810 3.490 1,670 5,160 8,500 8,500 410 Common Stock 10,000 22,100 410 10,000 22,100 4,090 4,090 Retained Earnings Dividends Fees Eamed Salary Expense Supplies Expense Depreciation Expense 60,280 60,280 23,920 410 244,330 2.800 2,800 1,670 1,670 23,920 410 Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 24,330 2,800 1,670 2,520 2,800 1,670 2,520 106,450 104,370 104,370 4,880 4,880 106,450 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting. Triton Consulting Income Statement For the Year Ended April 30, 2013 Fees earned Expenses: Salary expense Supplies expense Depreciation expense Miscellaneous expense Q000 00 Total expenses Net Income Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. During the year ended April 30, 2013, common stock of $4,000 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 Triton Consulting Statement of Stockholders' Equity For the Year Ended April 30, 2013 Common Stock Retained Earnings Total Balances, May 1, 2012 Issued common stock Net income Dividends Balances, April 30, 2013 Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting. Triton Consulting Balance Sheet April 30, 20Y3 Assets Current assets: Cash Accounts receivable Supplies 0 Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total liabilities Stockholders' Equity Common stock Supplies Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable DO Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity

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