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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:

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:

Taser Consulting
End-of-Period Spreadsheet
For the Year Ended October 31, 2018
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 58,400 58,400
Accounts Receivable 106,000 106,000
Supplies 12,500 6,500 6,000
Office Equipment 507,000 507,000
Accumulated Depreciation 25,500 5,500 31,000
Accounts Payable 20,000 20,000
Salaries Payable 2,800 2,800
Common Stock 150,000 150,000
Retained Earnings 366,700 366,700
Dividends 27,000 27,000
Fees Earned 345,500 345,500
Salary Expense 186,000 2,800 188,800
Supplies Expense 6,500 6,500
Depreciation Expense 5,500 5,500
Miscellaneous Expense 10,800 10,800
Total 907,700 907,700 14,800 14,800 916,000 916,000

Prepare a retained earnings statement for the year ended October 31, 2018 for Taser Consulting. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items.

Prepare an income statement for the year ended October 31, 2018 for Taser Consulting. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement.

Prepare a balance sheet as of October 31, 2018 for Taser Consulting. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) it will automatically insert where necessary.

Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Taser Consulting. Be sure to read the instructions for each financial statement carefully.

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