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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:

  1. 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 12,700 12,700
    Accounts Receivable 30,240 30,240
    Supplies 3,210 2,690 520
    Office Equipment 24,190 24,190
    Accumulated Depreciation 3,360 1,600 4,960
    Accounts Payable 8,160 8,160
    Salaries Payable 390 390
    Common Stock 10,000 10,000
    Retained Earnings 20,840 20,840
    Dividends 3,930 3,930
    Fees Earned 56,710 56,710
    Salary Expense 22,380 390 22,770
    Supplies Expense 2,690 2,690
    Depreciation Expense 1,600 1,600
    Miscellaneous Expense 2,420 2,420
    99,070 99,070 4,680 4,680 101,060 101,060

    Question Content Area

    Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.

    Triton Consulting Income Statement For the Year Ended April 30, 20Y3

    Accounts receivableCashEquipmentFees earnedSupplies

    $- Select -
    Expenses:

    Accounts payableCashOffice equipmentSalaries payableSalary expense

    $- Select -

    Accounts receivableDividendsFees earnedSuppliesSupplies expense

    - Select -

    Accumulated depreciationDepreciation expenseFees earnedOffice equipmentSupplies

    - Select -

    Accounts payableAccumulated depreciationCashMiscellaneous expenseRetained earnings

    - Select -
    Total expenses fill in the blank ed5939fb9fbef9b_11

    Net incomeNet loss

    $- Select -

    Question Content Area

    Based on the preceding spreadsheet, prepare a statement of stockholders equity for Triton Consulting. During the year ended April 30, 20Y3, common stock of $3,000 was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.

    Triton Consulting Statement of Stockholders Equity For the Year Ended April 30, 20Y3
    blank Common Stock Retained Earnings Total

    Balances, May 1, 20Y2Balances, April 30, 20Y3CashNet incomeSupplies

    $- Select - $- Select - $- Select -

    Accounts payableAccounts receivableIssued common stockNet incomeNet loss

    - Select - - Select - - Select -

    Accounts payableAccounts receivableCashNet incomeNet loss

    - Select - - Select - - Select -

    Accounts payableCashDividendsFees earnedOffice equipment

    - Select - - Select - - Select -

    Balances, May 1, 20Y2Balances, April 30, 20Y3CashNet incomeSupplies

    $- Select - $- Select - $- Select -

    Question Content Area

    Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting.

    Triton Consulting Balance Sheet April 30, 20Y3
    Assets
    Current assets:

    Accounts payableCashDividendsFees earnedOffice equipment

    $- Select -

    Accounts payableAccounts receivableFees earnedNet incomeSupplies expense

    - Select -

    Accounts payableCashRetained earningsSuppliesSupplies expense

    - Select -
    Total current assets $fill in the blank 2a96b504f032042_7
    Property, plant, and equipment:

    Accounts payableCommon stockDepreciation expenseOffice equipmentSupplies

    $- Select -

    Accounts payableAccumulated depreciationDepreciation expenseDividendsFees earned

    - Select -
    Total property, plant, and equipment fill in the blank 2a96b504f032042_12
    Total assets $fill in the blank 2a96b504f032042_13
    Liabilities
    Current liabilities:

    Accounts payableAccounts receivableAccumulated depreciationOffice equipmentRetained earnings

    $- Select -

    CashFees earnedOffice equipmentSalaries payableSalary expense

    - Select -
    Total liabilities $fill in the blank 2a96b504f032042_18
    Stockholders' Equity

    CashCommon stockDepreciation expenseOffice equipmentSupplies

    - Select -

    Accounts payableDividendsOffice equipmentRetained earningsSupplies

    - Select -
    Total stockholders' equity fill in the blank 2a96b504f032042_23
    Total liabilities and stockholders' equity fill in the blank 2a96b504f032042_24

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