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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:

During the year ended April 30, 20Y3, common stock of $5,000 was issued.

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 21,500 21,500
Accounts Receivable 51,150 51,150
Supplies 2,400 1,650 750
Office Equipment 32,000 32,000
Accumulated Depreciation 4,500 900 5,400
Accounts Payable 3,350 3,350
Salaries Payable 2,000 2,000
Common Stock 20,000 20,000
Retained Earnings 52,200 52,200
Dividends 10,000 10,000
Fees Earned 279,000 279,000
Salary Expense 240,000 2,000 242,000
Supplies Expense 1,650 1,650
Depreciation Expense 900 900
Miscellaneous Expense 2,000 2,000
359,050 359,050 4,550 4,550 361,950 361,950

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 receivableFees earnedSelling expenseSupplies expenseSupplies

- Select -

Accumulated depreciationDepreciation expenseFees earnedOffice equipmentSupplies

- Select -

Accounts payableAccumulated depreciationCashMiscellaneous expenseSelling expense

- Select -
Total expenses fill in the blank 94fe84fbf01f047_11

Net incomeNet loss

$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare statement of stockholders equity for Triton Consulting. If no entry is required, leave the amount box blank or "0". 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, 20Y3

$- 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 payableCashFees earnedOffice equipmentRetained earnings

$- Select -

Accounts payableAccounts receivableFees earnedNet incomeSupplies expense

- Select -

Accounts payableCashRetained earningsSupplies expenseSupplies

- Select -
Total current assets $fill in the blank 2e0b2bffdf8e060_7
Property, plant, and equipment:

Accounts payableDepreciation expenseOffice equipmentRetained earningsSupplies

$- Select -

Accounts payableAccumulated depreciationDepreciation expenseFees earnedIncome tax expense

- Select -
Total property, plant, and equipment fill in the blank 2e0b2bffdf8e060_12
Total assets $fill in the blank 2e0b2bffdf8e060_13
Liabilities
Current liabilities:

Accounts payableAccounts receivableNet incomeOffice equipmentRetained earnings

$- Select -

CashFees earnedOffice equipmentSalaries payableSalary expense

- Select -
Total liabilities $fill in the blank 2e0b2bffdf8e060_18
Stockholders' Equity

Accounts payableCommon stockNet lossOffice equipmentSupplies

$- Select -

Accounts payableNet lossOffice equipmentRetained earningsSupplies

- Select -
Total stockholders' equity fill in the blank 2e0b2bffdf8e060_23
Total liabilities and stockholders' equity $fill in the blank 2e0b2bffdf8e060_24

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