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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

  1. 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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