Question
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:
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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 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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