Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end of period spreadsheet was prepared for the year ended

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Instructions Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end of period spreadsheet was prepared for the year ended June 30, 2018 Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2046 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Dr CA Dr De CE Account Title 27,500 Cash 27.500 53.400 Accounts Receivable 53,400 Instructions Dr. CO Dr Cr Dr Account Title Cr Cash 27,500 27,500 53.400 53,400 Accounts Receivable 3,300 (a) 2.200 Supplies 1,100 31,500 31,500 Office Equipment 6,900 Accumulated Depreciation 4,900 (b) 2,000 3,600 3,800 Accounts Payable 315 (c) 315 Salaries Payable 92.000 92,000 Jayson Neese, Capital 92,000 92,000 Jayson Neese, Capital 2,000 2,000 Jayson Neese, Drawing 58,000 Fees Earned 58,000 30,000 Salary Expense (c) 315 30,315 (a) 2,200 2,200 Supplies Expense (b) 2,000 2,000 Depreciation Expense 10.800 Miscellaneous Expense 10.800 158,500 4,515 4,515 158,500 160,815 160.815 Elliptical Consulting Statement of Owner's Equity (Label) 1 2 3 5 Prepare a balance aneet as of June 30, 206 for Elliptical Consulting Be sure to complete the statement heading de sure to complete the statement reading Mater to the sectores de niatructions and the date of Labels and Amount Descriptions for the exact wording of bext entries. You will not need to enter coloro c) or the world on the host the automatically insert where necessary Enteral amounts as positive numbers. Elliptical Consulting Balance Sheet be Assets : (Label) Balance Shot 4 5 Label) 10 11 Liabilities Uno Instructions Labels and Amount Descriptions Statement of Owner's Equity Balance Sheet 11 Labilities bel) 14 15 16 Owner's Equity IT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

Students also viewed these Accounting questions