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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, 2018:
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, 2018:
Triton Consulting | ||||||
End-of-Period Spreadsheet | ||||||
For the Year Ended April 30, 2018 | ||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. |
Cash | 28,000 | 28,000 | ||||
Accounts Receivable | 54,000 | 54,000 | ||||
Supplies | 3,400 | 2,400 | 1,000 | |||
Office Equipment | 31,000 | 31,000 | ||||
Accumulated Depreciation | 4,100 | 1,100 | 5,200 | |||
Accounts Payable | 3,100 | 3,100 | ||||
Salaries Payable | 475 | 475 | ||||
Common Stock | 30,000 | 30,000 | ||||
Retained Earnings | 57,000 | 57,000 | ||||
Dividends | 1,500 | 1,500 | ||||
Fees Earned | 57,000 | 57,000 | ||||
Salary Expense | 31,000 | 475 | 31,475 | |||
Supplies Expense | 2,400 | 2,400 | ||||
Depreciation Expense | 1,100 | 1,100 | ||||
Miscellaneous Expense | 2,300 | 2,300 | ||||
151,200 | 151,200 | 3,975 | 3,975 | 152,775 | 152,775 |
Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Triton Consulting. Be sure to read the instructions for each financial statement carefully. |
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