Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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, 2018: Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2018 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 16,290 16,290 38,780 Accounts Receivable 38,780 4,110 (a) 3,450 660 Supplies Office Equipment 31,020 @ @ 31,020 Accumulated Depreciation 4,300 (b) 2,060 6,360 Accounts Payable 10,470 10,470 Salaries Payable (c) 500 500 Common Stock 13,000 13,000 Retained Earnings 26,560 26,560 Dividends 5,040 5,040 Fees Earned 72,320 72,320 Salary Expense 28,310 (c) 500 28,810 Supplies Expense (a) 3,450 3,450 Depreciation Expense (b) 2,060 2,060 Miscellaneous Expense 3,100 3,100 126,650 126,650 6,010 6,010 129,210 129,210 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting. Triton Consulting Income Statement For the Year Ended April 30, 2018 Expenses: Total expenses Based on the preceding spreadsheet, prepare a retained earnings statement for Triton Consulting. Triton Consulting Retained Earnings Statement For the Year Ended April 30, 2018 Triton Consulting Balance Sheet April 30, 2018 Assets Current assets: 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started