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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:
Triton Consulting | ||||||
End-of-Period Spreadsheet | ||||||
For the Year Ended April 30, 20Y3 | ||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. |
Cash | 26,800 | 26,800 | ||||
Accounts Receivable | 56,000 | 56,000 | ||||
Supplies | 3,400 | 2,200 | 1,200 | |||
Office Equipment | 30,500 | 30,500 | ||||
Accumulated Depreciation | 4,200 | 1,700 | 5,900 | |||
Accounts Payable | 3,400 | 3,400 | ||||
Salaries Payable | 425 | 425 | ||||
Common Stock | 20,000 | 20,000 | ||||
Retained Earnings | 61,400 | 61,400 | ||||
Dividends | 3,500 | 3,500 | ||||
Fees Earned | 65,000 | 65,000 | ||||
Salary Expense | 31,500 | 425 | 31,925 | |||
Supplies Expense | 2,200 | 2,200 | ||||
Depreciation Expense | 1,700 | 1,700 | ||||
Miscellaneous Expense | 2,300 | 2,300 | ||||
154,000 | 154,000 | 4,325 | 4,325 | 156,125 | 156,125 |
Based on the preceding spreadsheet, prepare an income statement, statement of stockholders equity, and balance sheet for Triton Consulting. During the year ended April 30, 20Y3, common stock of $5,000 was issued. Be sure to read the instructions for each financial statement carefully. |
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