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Financial Statements from the End-of-Period Spreadsheet 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. Account Title Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr. Adjustments Dr. Adjustments Cr. Adjusted Trial Balance Dr. Adjusted Trial Balance 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   5,4

Financial Statements from the End-of-Period Spreadsheet 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. Account Title Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr. Adjustments Dr. Adjustments Cr. Adjusted Trial Balance Dr. Adjusted Trial Balance 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   5,4

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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Financial Statements from the End-of-Period Spreadsheet

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.

Account Title Unadjusted
Trial Balance
Dr.		 Unadjusted
Trial Balance
Cr.		 Adjustments
Dr.		 Adjustments
Cr.		 Adjusted
Trial Balance
Dr.		 Adjusted
Trial Balance
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  
Total 359,050 359,050 4,550 4,550 361,950 361,950

Question Content Area

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

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.

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

 

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