What is the "common stock" in "Balances, September 1, 20Y8"?

The answer isn't $7,300

Finandal Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31 , 20Y9: Based on the preceding spreadsheet, prepare an income statement for Deme Consulting. roter himen Rriveme and expense pocounts flow inte the income statement. issued. If an amount box does not requile an emtry, leave is blank. If a net loss is incurred or dividents were paic, enter that amount as a negative number usine a minut sight. Ravenue and experse accounts fiow into the income statement. ased on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31 , 20v9, $2,500 of odditional commen chodk wis: ssued. 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 iniaus sigh. - clea uy wos The staterient of stockhosders' equhy shows the beginning ba'snces of common stock and retained earrings. The common utook balanke will be increased by any atock issist durng the penod, and retained eamings will be increased by any net income and decreased by any net lorses ane dividende