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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 the year ended April 30, 20Y3:

During the year ended April 30, 20Y3, common stock of $3,000 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	13,020				13,020
Accounts Receivable	31,000				31,000
Supplies	3,290			2,760	530
Office Equipment	25,420				25,420
Accumulated Depreciation		3,440		1,640		5,080
Accounts Payable		8,370				8,370
Salaries Payable				400		400
Common Stock		10,000				10,000
Retained Earnings		21,620				21,620
Dividends	4,030				4,030
Fees Earned		59,060				59,060
Salary Expense	23,250		400		23,650
Supplies Expense			2,760		2,760
Depreciation Expense			1,640		1,640
Miscellaneous Expense	2,480				2,480
Total	102,490	102,490	4,800	4,800	104,530	104,530

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 -

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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