Question
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, 20Y3:
Triton Consulting | |||||||
End-of-Period Spreadsheet | |||||||
For the Year Ended April 30, 20Y3 | |||||||
Unadjusted | Adjusted | ||||||
Trial Balance | Adjustments | Trial Balance | |||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
Cash | 13,730 | 13,730 | |||||
Accounts Receivable | 32,680 | 32,680 | |||||
Supplies | 3,460 | 2,910 | 550 | ||||
Office Equipment | 26,470 | 26,470 | |||||
Accumulated Depreciation | 3,630 | 1,730 | 5,360 | ||||
Accounts Payable | 8,820 | 8,820 | |||||
Salaries Payable | 420 | 420 | |||||
Common Stock | 11,000 | 11,000 | |||||
Retained Earnings | 22,330 | 22,330 | |||||
Dividends | 4,250 | 4,250 | |||||
Fees Earned | 62,260 | 62,260 | |||||
Salary Expense | 24,840 | 420 | 25,260 | ||||
Supplies Expense | 2,910 | 2,910 | |||||
Depreciation Expense | 1,730 | 1,730 | |||||
Miscellaneous Expense | 2,610 | 2,610 | |||||
108,040 | 108,040 | 5,060 | 5,060 | 110,190 | 110,190 |
Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.
Triton Consulting | ||
Income Statement | ||
For the Year Ended April 30, 20Y3 | ||
$fill in the blank 350a9bfebfe0030_2 | ||
Expenses: | ||
$fill in the blank 350a9bfebfe0030_4 | ||
fill in the blank 350a9bfebfe0030_6 | ||
fill in the blank 350a9bfebfe0030_8 | ||
fill in the blank 350a9bfebfe0030_10 | ||
Total expenses | fill in the blank 350a9bfebfe0030_11 | |
$fill in the blank 350a9bfebfe0030_13 |
Based on the preceding spreadsheet, prepare a statement of stockholders equity for Triton Consulting. During the year ended April 30, 20Y3, 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, 20Y3 | |||
Common Stock | Retained Earnings | Total | |
$fill in the blank 58fcbbfe7066fcf_2 | $fill in the blank 58fcbbfe7066fcf_3 | $fill in the blank 58fcbbfe7066fcf_4 | |
fill in the blank 58fcbbfe7066fcf_6 | fill in the blank 58fcbbfe7066fcf_7 | fill in the blank 58fcbbfe7066fcf_8 | |
fill in the blank 58fcbbfe7066fcf_10 | fill in the blank 58fcbbfe7066fcf_11 | fill in the blank 58fcbbfe7066fcf_12 | |
fill in the blank 58fcbbfe7066fcf_14 | fill in the blank 58fcbbfe7066fcf_15 | fill in the blank 58fcbbfe7066fcf_16 | |
$fill in the blank 58fcbbfe7066fcf_18 | $fill in the blank 58fcbbfe7066fcf_19 | $fill in the blank 58fcbbfe7066fcf_20 |
Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting.
Triton Consulting | ||
Balance Sheet | ||
April 30, 20Y3 | ||
Assets | ||
Current assets: | ||
$fill in the blank 8a8f8f0abf8ffca_2 | ||
fill in the blank 8a8f8f0abf8ffca_4 | ||
fill in the blank 8a8f8f0abf8ffca_6 | ||
Total current assets | $fill in the blank 8a8f8f0abf8ffca_7 | |
Property, plant, and equipment: | ||
$fill in the blank 8a8f8f0abf8ffca_9 | ||
fill in the blank 8a8f8f0abf8ffca_11 | ||
Total property, plant, and equipment | fill in the blank 8a8f8f0abf8ffca_12 | |
Total assets | $fill in the blank 8a8f8f0abf8ffca_13 | |
Liabilities | ||
Current liabilities: | ||
$fill in the blank 8a8f8f0abf8ffca_15 | ||
fill in the blank 8a8f8f0abf8ffca_17 | ||
Total liabilities | $fill in the blank 8a8f8f0abf8ffca_18 | |
Stockholders' Equity | ||
fill in the blank 8a8f8f0abf8ffca_20 | ||
fill in the blank 8a8f8f0abf8ffca_22 | ||
Total stockholders' equity | fill in the blank 8a8f8f0abf8ffca_23 | |
Total liabilities and stockholders' equity | fill in the blank 8a8f8f0abf8ffca_24 |
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