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Financial Statements from the End-of-Period Spreadsheet Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for
Financial Statements from the End-of-Period Spreadsheet Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year en July 31, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Adjusted Trial Balance Dr. Cr. Account Title Cr. Cash 9,080 21,630 9,080 21,630 2,290 17,740 (a) 1,930 360 17,740 (b) 1,150 Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Lisa Gooch, Capital Lisa Gooch, Drawing Fees Earned 2,400 5,840 3,550 5,840 (c) 280 280 22,060 22,060 2,810 2,810 40,990 40,990 16,010 280 16,290 Salary Expense Supplies Expense Depreciation Expense (c) (a) 1,930 1,930 (b) 1,150 1,150 Miscellaneous Expense 1,730 1,730 71,290 71,290 3,360 3,360 72,720 72,720 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019 Expenses: $ Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity
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