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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, 2013:
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, 2013: Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2013 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 13,470 13,470 Accounts Receivable 32,070 32,070 Supplies 3,400 2,850 550 Office Equipment 25,660 25,660 Accumulated Depreciation 3,560 1,700 5,260 Accounts Payable 8.660 8,660 Salaries Payable 420 420 Common Stock Retained Earnings Dividends Fees Earned 10,000 10,000 22,710 22,710 4,170 4,170 60,780 60,780 Salary Expense 24,370 420 24,790 Supplies Expense 2,850 2,850 Depreciation Expense 1,700 1,700 Miscellaneous Expense 2,570 2,570 105,710 105,710 4,970 4,970 107,830 107,830 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting Triton Consulting Income Statement For the Year Ended April 30, 2013 Expenses Salary Total expenses Revenue and expense actunts flow into the income stateme Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting During the year ended April 30, 2013, common stock of $4,000 was issued. If an amount box does not requir an entry, leave it blank If a net is incurred or dividends were paid, enter that amount as a negative number using a minus sign talentes, May 1, 201 ves comvooe stock et incont Triton Consulting Statement of Stockholders' Equity For the Year Ended April 30, 2013 Common Stock Retained Earnings Total 1000 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. During the year ended April 30, 2012, common stock of $4,000 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, 2013 Common Steck Retained Earnings Total Barances May 2012 Shed common stack Net income Barances, April 30, 2013 The statement of stockholders' equity shows the beginning balances of common stock and retaised earnings. The common stock balance will be increased by any stock issued during the period, and retained earnings will be increased by any net income and decreased by any net losses and dividends. Based on the preceding spreadsheet, prepare a balance sheet for Triton Consulting Triton Consulting Balance Sheet April 30, 2013 Current assets Cast Staples check Mynd Assets 000 Triton Consulting Balance Sheet April 30, 20Y3 Assets Current assets: Cash Accounts receivable Supplies Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation Total property, plant, and equipment Total assets B 8 Current liabilities: Accounts payable Salaries payable Total liabilities Liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Check My Work 00 0
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