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:

During the year ended April 30, 20Y3, common stock of $4,000 was issued.

Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 20Y3

Account Title	Unadjusted Trial Balance Dr.	Unadjusted Trial Balance Cr.	Adjustments Dr.	Adjustments Cr.	Adjusted Trial Balance Dr.	Adjusted Trial Balance Cr.
Cash	14,980				14,980
Accounts Receivable	35,660				35,660
Supplies	3,780			3,170	610
Office Equipment	28,530				28,530
Accumulated Depreciation		3,960		1,890		5,850
Accounts Payable		9,630				9,630
Salaries Payable				460		460
Common Stock		12,000				12,000
Retained Earnings		24,370				24,370
Dividends	4,640				4,640
Fees Earned		67,230				67,230
Salary Expense	26,750		460		27,210
Supplies Expense			3,170		3,170
Depreciation Expense			1,890		1,890
Miscellaneous Expense	2,850				2,850
Total	117,190	117,190	5,520	5,520	119,540	119,540

Question Content Area

Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.

Triton Consulting Income Statement For the Year Ended April 30, 20Y3

Line Item Description	Amount	Amount
Accounts receivableCashEquipmentFees earnedSupplies		$- Select -
Expenses:
Accounts payableCashOffice equipmentSalaries payableSalary expense	$- Select -
Accounts receivableDividendsFees earnedSuppliesSupplies expense	- Select -
Accumulated depreciationDepreciation expenseFees earnedOffice equipmentSupplies	- Select -
Accounts payableAccumulated depreciationCashMiscellaneous expenseRetained earnings	- Select -
Total expenses		Total expenses
Net incomeNet loss		$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare a statement of stockholders equity for Triton Consulting. 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

Line Item Description	Common Stock	Retained Earnings	Total
Balances, May 1, 20Y2Balances, April 30, 20Y3CashNet incomeSupplies	$- Select -	$- Select -	$- Select -
Accounts payableAccounts receivableIssued common stockNet incomeNet loss	- Select -	- Select -	- Select -
Accounts payableAccounts receivableCashNet incomeNet loss	- Select -	- Select -	- Select -
Accounts payableCashDividendsFees earnedOffice equipment	- Select -	- Select -	- Select -
Balances, May 1, 20Y2Balances, April 30, 20Y3CashNet incomeSupplies	$- Select -	$- Select -	$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting.

Triton Consulting Balance Sheet April 30, 20Y3

Line Item Description	Amount	Amount
Assets
Current assets:
Accounts payableCashFees earnedOffice equipmentRetained earnings	$- Select -
Accounts payableAccounts receivableFees earnedNet incomeSupplies expense	- Select -
Accounts payableCashRetained earningsSupplies expenseSupplies	- Select -
Total current assets		$Total current assets
Property, plant, and equipment:
Accounts payableDepreciation expenseOffice equipmentRetained earningsSupplies	$- Select -
Accounts payableAccumulated depreciationDepreciation expenseFees earnedIncome tax expense	- Select -
Total property, plant, and equipment		Total property, plant, and equipment
Total assets		$Total assets
Liabilities
Current liabilities:
Accounts payableAccounts receivableNet incomeOffice equipmentRetained earnings	$- Select -
CashFees earnedOffice equipmentSalaries payableSalary expense	- Select -
Total liabilities		$Total liabilities
Stockholders' Equity
Accounts payableCommon stockNet lossOffice equipmentSupplies	$- Select -
Accounts payableNet lossOffice equipmentRetained earningsSupplies	- Select -
Total stockholders' equity		Total stockholders' equity
Total liabilities and stockholders' equity		$Total liabilities and stockholders' equity