Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare an income statement, retained earnings statement & balance sheet for the below. Taser Consulting is a consulting firm owned and operated by Annamarie Phipps.

Prepare an income statement, retained earnings statement & balance sheet for the below.

image text in transcribed

Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was prepared for the year ended October 31, 2018: 2. 5 A B D E F G 1 Taser Consulting 2 End-of-Period Spreadsheet 3 For the Year Ended October 31, 2018 4 Unadjusted Adjusted 5 Trial Balance Adjustments Trial Balance 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 7 8 Cash 45,000 45,000 9 Accounts Receivable 119,200 119,200 10 Supplies 11,900 7,500 4,400 11 Office Equipment 400,000 400,000 12 Accumulated Depreciation 56,000 6,000 62,000 13 Accounts Payable 20,500 20,500 14 Salaries Payable 9,000 9,000 15 Common Stock 75,000 75,000 16 Retained Earnings 180,700 180,700 17 Dividends 25,000 25,000 18 Fees Earned 800,000 800,000 19 Salary Expense 520,000 9,000 529,000 20 Supplies Expense 7,500 7,500 21 Depreciation Expense 6,000 6,000 22 Miscellaneous Expense 11,100 11,100 23 1,132,200 1,132,200 22,500 22,500 1,147,200 1,147,200 24

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

Interpreting Company Reports And Accounts

Authors: Geoffrey Holmes, Alan Sugden, Paul Gee

10th Edition

0273711415, 9780273711414

More Books

Students also viewed these Accounting questions

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago