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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 Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 8,380 8,380 Accounts Receivable 19,960 19,960 Supplies 2,120 1,780 340 Office Equipment 16,370 16,370 2,220 1,060 3,280 Accumulated Depreciation Accounts Payable 5,390 5,390 Salaries Payable 260 260 Common Stock 6,700 6,700 Retained Earnings 13,660 13,660 Dividends 2,590 2,590 38,020 38,020 14,970 260 15,230 Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense 1,780 1,780 1,060 1,060 1,600 1,600 65,990 65,990 3,100 3,100 67,310 67,310 Based on the preceding spreadsheet, prepare an income statement for Taser Consulting. Taser Consulting Income Statement For the Year Ended October 31, 2018 Fees earned Expenses: Salary expense Supplies expense Depreciation expense Miscellaneous expense Total expenses od Net income Feedback Check My Work Based on the preceding spreadsheet, prepare a retained earnings statement for Taser Consulting. Taser Consulting Retained Earnings Statement For the Year Ended October 31, 2018 Retained earnings, November 1, 2017 Net income 00 Dividends Change in retained earnings Retained earnings, October 31, 2018 Based on the preceding spreadsheet, prepare a balance sheet for Taser Consulting. Taser Consulting Balance Sheet October 31, 2018 Assets Current assets: Cash Accounts receivable Supplies Total current assets 10 DOO Property, plant, and equipment: Office equipment Accumulated depreciation Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total liabilities Stockholders' Equity Common stock 00 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
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