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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

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

Triton Consulting
Income Statement
For the Year Ended April 30, 20Y3
Fees earned $fill in the blank d51c9e07ef99fdc_2
Expenses:
Salary expense $fill in the blank d51c9e07ef99fdc_4
Supplies expense fill in the blank d51c9e07ef99fdc_6
Depreciation expense fill in the blank d51c9e07ef99fdc_8
Miscellaneous expense fill in the blank d51c9e07ef99fdc_10
Total expenses fill in the blank d51c9e07ef99fdc_11
Net income $fill in the blank d51c9e07ef99fdc_13

Feedback

Revenue and expense accounts flow into the income statement.

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
Common Stock Retained Earnings Total
Balances, May 1, 20Y2 $fill in the blank ab6a83f9efda014_2 $fill in the blank ab6a83f9efda014_3 $fill in the blank ab6a83f9efda014_4
Issued common stock fill in the blank ab6a83f9efda014_6 fill in the blank ab6a83f9efda014_7 fill in the blank ab6a83f9efda014_8
Net income fill in the blank ab6a83f9efda014_10 fill in the blank ab6a83f9efda014_11 fill in the blank ab6a83f9efda014_12
Dividends fill in the blank ab6a83f9efda014_14 fill in the blank ab6a83f9efda014_15 fill in the blank ab6a83f9efda014_16
Balances, April 30, 20Y3 $fill in the blank ab6a83f9efda014_18 $fill in the blank ab6a83f9efda014_19 $fill in the blank ab6a83f9efda014_20

Feedback

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

Triton Consulting
Balance Sheet
April 30, 20Y3
Assets
Current assets:
Cash $fill in the blank b10af4ff8fb3f93_2
Accounts receivable fill in the blank b10af4ff8fb3f93_4
Supplies fill in the blank b10af4ff8fb3f93_6
Total current assets $fill in the blank b10af4ff8fb3f93_7
Property, plant, and equipment:
Office equipment $fill in the blank b10af4ff8fb3f93_9
Accumulated depreciation fill in the blank b10af4ff8fb3f93_11
Total property, plant, and equipment fill in the blank b10af4ff8fb3f93_12
Total assets $fill in the blank b10af4ff8fb3f93_13
Liabilities
Current liabilities:
Accounts payable $fill in the blank b10af4ff8fb3f93_15
Salaries payable fill in the blank b10af4ff8fb3f93_17
Total liabilities $fill in the blank b10af4ff8fb3f93_18
Stockholders' Equity
Common stock $fill in the blank b10af4ff8fb3f93_20
Retained earnings fill in the blank b10af4ff8fb3f93_22
Total stockholders' equity fill in the blank b10af4ff8fb3f93_23
Total liabilities and stockholders' equity $fill in the blank b10af4ff8fb3f93_24

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