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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, 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 12,900 12,900 Accounts Receivable 30,720 30,720 Supplies 3,260 (a) 2,730 530 Office Equipment 25,190 25,190 Accumulated Depreciation 3,410 (b) 1,630 5,040 Accounts Payable 8,290 8,290 Salaries Payable (c) 400 400 Common Stock 10,000 10,000 Retained Earnings 21,330 21,330 Dividends 3,990 3,990 Fees Earned 57,920 57,920 Salary Expense 22,430 (c) 400 22,830 Supplies Expense (a) 2,730 2,730 Depreciation Expense (b) 1,630 1,630 Miscellaneous Expense 2,460 2,460 100,950 100,950 4,760 4,760 102,980 102,980 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 $ $ $ Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting.
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
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