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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:
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:
Triton Consulting | |||||||
End-of-Period Spreadsheet | |||||||
For the Year Ended April 30, 20Y3 | |||||||
Unadjusted | Adjusted | ||||||
Trial Balance | Adjustments | Trial Balance | |||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
Cash | 15,240 | 15,240 | |||||
Accounts Receivable | 36,280 | 36,280 | |||||
Supplies | 3,850 | 3,230 | 620 | ||||
Office Equipment | 29,750 | 29,750 | |||||
Accumulated Depreciation | 4,030 | 1,920 | 5,950 | ||||
Accounts Payable | 9,800 | 9,800 | |||||
Salaries Payable | 470 | 470 | |||||
Common Stock | 12,000 | 12,000 | |||||
Retained Earnings | 25,010 | 25,010 | |||||
Dividends | 4,720 | 4,720 | |||||
Fees Earned | 68,750 | 68,750 | |||||
Salary Expense | 26,850 | 470 | 27,320 | ||||
Supplies Expense | 3,230 | 3,230 | |||||
Depreciation Expense | 1,920 | 1,920 | |||||
Miscellaneous Expense | 2,900 | 2,900 | |||||
119,590 | 119,590 | 5,620 | 5,620 | 121,980 | 121,980 |
Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.
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