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Instructions Cash 56,000 56,000 Accounts Receivable 107.000 107,000 Supplies 11,200 (a) 8,000 3,200 Office Equipment 519,000 519,000 Accumulated Depreciation 29,000 (b) 5,300 34,300 Accounts Payable 18,100 18,100 Salaries Payable (c) 2,800 2,800 Lisa Gooch, Capital 518,200 518,200 Lisa Gooch, Drawing 29,000 29,000 Fees Earned 353,300 353,300 Salary Expense 184,900 (C) 2,800 187,700 Supplies Expense (a) 8,000 8,000 Depreciation Expense (b) 5,300 5,300 Miscellaneous Expense 11,500 11,500 Bamboo Consulting Score: 68/68 Income Statement For the Year Ended July 31, 2019 1 Fees earned $353,300.00 2 Expenses: 3 Salary expense $187,700.00 4 Supplies expense 8,000.00 5 Depreciation expense 5,300.00 6 Miscellaneous expense 11,500.00 7 Total expenses 212,500.00 8 Net income $140,800.00 Bamboo Consulting Score: 48/54 Statement of Owner's Equity For the Year Ended July 31, 2019 1 Lisa Gooch, capital, August 1, 2018 $518,200.00 2 Net income $140,800.00 3 Withdrawals 29,000.00 4 Increase in owner's equity 169,800.00 5 Lisa Gooch, capital, July 31, 2019 $688,000.00 ance Sheet Accounts receivable 107,000.00 Supplies 3,200.00 Total current assets $166,200.00 Property, plant, and equipment: Office equipment $519,000.00 9 Less accumulated depreciation 34,300.00 10 Total property, plant, and equipment 484,700.00 11 Total assets $650,900.00 12 Liabilities 13 Current liabilities: 14 Accounts payable $18,100.00 15 Salaries payable 2,800.00 Total liabilities $20,900.00 Owner's Equity 18 Lisa Gooch, capital 688,000.00 19 Total Liabilities and owner's equity $708,900.00