Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hwk 4.... i need solved please EX 4-4 Financial statements from the end-of-period spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson

image text in transcribed hwk 4.... i need solved please

EX 4-4 Financial statements from the end-of-period spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The fol- lowing end-of period spreadsheet was prepared for the year ended June 30, 2016: . 1,2 ME HOW Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2016 Unadjusted Trial Balance Dr Trial Balance 6 Account Title Dr. 8 Cash Accounts Receivable 0 Supplies 1 Office Equipment 12 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Common Stock 16 Retained Earnings 17 Dividends 18 Fees Earned 19 Salary Expense 20 Supplies Expense 21 Depreciation Expense 22 Miscellaneous Expense 23 27,000 53,500 3,000 30,500 27,000 53,500 (a) 2,100 900 30,500 4,500 3,300 (b) 1,500 6,000 3,300 375 30,000 52,200 (c) 375 30,000 52,200 2,000 2,000 60,000 60,000 (c) 375 (a) 2,100 (b) 1,500 32,000 32,375 2,100 1,500 2,000 2,000 Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Elliptical Consulting

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linguistic Auditing

Authors: Nigel Reeves, Colin Wright

1st Edition

1853593281, 978-1853593284

More Books

Students also viewed these Accounting questions

Question

3. Explain the forces that influence how people handle conflict

Answered: 1 week ago