Miscellaneous Expense Expenses: Total expenses 3,140 129,010 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting. Triton Consulting Income Statement For the Year Ended April 30, 2013 Line Item Description Amount Amount Triton Consulting Statement of Stockholders' Equity For the Year Ended April 30, 2013 Line Item Description 129,010 Common Retained Stock Earnings 6,080 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. 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 minus sign. Total 6,080 3,140 131,600 131,600 Previous Next >
Miscellaneous Expense Expenses: Total expenses 3,140 129,010 Based on the preceding spreadsheet, prepare an income statement for Triton Consulting. Triton Consulting Income Statement For the Year Ended April 30, 2013 Line Item Description Amount Amount Triton Consulting Statement of Stockholders' Equity For the Year Ended April 30, 2013 Line Item Description 129,010 Common Retained Stock Earnings 6,080 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. 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 minus sign. Total 6,080 3,140 131,600 131,600 Previous Next >
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement
Section: Chapter Questions
Problem 20P
Related questions
Question
100%
![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 $4,000 was issued.
Triton Consulting
End-of-Period Spreadsheet
For the Year Ended April 30, 20Y3
Unadjusted
Trial Balance
Cr.
Account Title
Cash
Accounts Receivable
Supplies
Office Equipment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Salary Expense
Supplies Expense
Depreciation Expense
Unadjusted
Trial Balance
Dr.
16,490
39,260
4,160
31,410
5,100
29,450
4,360
10,600
13,000
27,050
74,000
Adjustments
Dr.
510
3,490
2,080
Adjustments
Cr.
3,490
2,080
510
Adjusted
Trial Balance
Dr.
16,490
39,260
670
31,410
5,100
29,960
3,490
2,080
Adjusted
Trial Balance
Cr.
6,440
10,600
510
13,000
27,050
74,000
Previous
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67b0b03e-3760-4b2b-bcf0-02c8af9d0b1c%2F8f5e268d-a4a8-4764-9a81-6fb000e66806%2Fxh2d1za_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $4,000 was issued.
Triton Consulting
End-of-Period Spreadsheet
For the Year Ended April 30, 20Y3
Unadjusted
Trial Balance
Cr.
Account Title
Cash
Accounts Receivable
Supplies
Office Equipment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Salary Expense
Supplies Expense
Depreciation Expense
Unadjusted
Trial Balance
Dr.
16,490
39,260
4,160
31,410
5,100
29,450
4,360
10,600
13,000
27,050
74,000
Adjustments
Dr.
510
3,490
2,080
Adjustments
Cr.
3,490
2,080
510
Adjusted
Trial Balance
Dr.
16,490
39,260
670
31,410
5,100
29,960
3,490
2,080
Adjusted
Trial Balance
Cr.
6,440
10,600
510
13,000
27,050
74,000
Previous
Next >
![Miscellaneous Expense
Expenses:
Total expenses
3,140
129,010
Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.
Triton Consulting
Income Statement
For the Year Ended April 30, 20Y3
Line Item Description Amount Amount
Line Item Description
Triton Consulting
Statement of Stockholders' Equity
For the Year Ended April 30, 2013
129,010
Common Retained
Stock Earnings
6,080
Total
6,080
Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. 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 minus sign.
3,140
131,600
131,600
Previous
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67b0b03e-3760-4b2b-bcf0-02c8af9d0b1c%2F8f5e268d-a4a8-4764-9a81-6fb000e66806%2Fe15poxd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Miscellaneous Expense
Expenses:
Total expenses
3,140
129,010
Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.
Triton Consulting
Income Statement
For the Year Ended April 30, 20Y3
Line Item Description Amount Amount
Line Item Description
Triton Consulting
Statement of Stockholders' Equity
For the Year Ended April 30, 2013
129,010
Common Retained
Stock Earnings
6,080
Total
6,080
Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Triton Consulting. 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 minus sign.
3,140
131,600
131,600
Previous
Next
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