Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet...
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Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet was prepared for the year ended March 31, 2019: During the year ended March 31, 2019, $3,000 of additional common stock was issued. Paoli Consulting End-of-Period Spreadsheet For the Year Ended March 31, 20Y9 Unadjusted Trial Balance Cr. Account Title Cash Accounts Receivable Supplies Land Building Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Expenses: Unadjusted Trial Balance Dr. 9,440 22,470 2,380 19,550 18,430 Total expenses 2,920 17,080 1,800 94,070 2,490 6,070 7,600 15,320 62,590 94,070 Adjustments Adjustments Dr. Cr. 290 2,000 1,190 Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting. Paoli Consulting Income Statement For the Year Ended March 31, 2019 Line Item Description Amount Amount 3,400 2,000 1,190 290 3,400 Adjusted Trial Balance Dr. 9,440 22,470 380 19,550 18,430 2,920 17,370 2.000 1.190 1.800 95,550 Adjusted Trial Balance Cr. 3,680 6,070 290 7,600 15,320 62.590 95,550 lotal expenses Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Paoli 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. Paoli Consulting Statement of Stockholders' Equity For the Year Ended March 31, 20Y9 Line Item Description Line Item Description Assets Based on the preceding spreadsheet, prepare a balance sheet for Paoli Consulting. Paoli Consulting Balance Sheet March 31, 20Y9 Current assets: Total current assets Property, plant, and equipment: Common Retained Stock Earnings Total property, plant, and equipment Total assets Current liabilities: Total liabilities Liabilities Total Stockholders' Equity Amount Amount Amount U 0 00 Paoli Consulting Statement of Stockholders' Equity For the Year Ended March 31, 20Y9 Line Item Description Line Item Description Assets Based on the preceding spreadsheet, prepare a balance sheet for Paoli Consulting. Paoli Consulting Balance Sheet March 31, 20Y9 Current assets: Total current assets Property, plant, and equipment: Common Retained Stock Earnings Total property, plant, and equipment Total assets Current liabilities: Total liabilities Liabilities Stockholders' Equity Total Total stockholders' equity Total liabilities and stockholders' equity Amount Amount Amount Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet was prepared for the year ended March 31, 2019: During the year ended March 31, 2019, $3,000 of additional common stock was issued. Paoli Consulting End-of-Period Spreadsheet For the Year Ended March 31, 20Y9 Unadjusted Trial Balance Cr. Account Title Cash Accounts Receivable Supplies Land Building Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Expenses: Unadjusted Trial Balance Dr. 9,440 22,470 2,380 19,550 18,430 Total expenses 2,920 17,080 1,800 94,070 2,490 6,070 7,600 15,320 62,590 94,070 Adjustments Adjustments Dr. Cr. 290 2,000 1,190 Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting. Paoli Consulting Income Statement For the Year Ended March 31, 2019 Line Item Description Amount Amount 3,400 2,000 1,190 290 3,400 Adjusted Trial Balance Dr. 9,440 22,470 380 19,550 18,430 2,920 17,370 2.000 1.190 1.800 95,550 Adjusted Trial Balance Cr. 3,680 6,070 290 7,600 15,320 62.590 95,550 lotal expenses Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Paoli 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. Paoli Consulting Statement of Stockholders' Equity For the Year Ended March 31, 20Y9 Line Item Description Line Item Description Assets Based on the preceding spreadsheet, prepare a balance sheet for Paoli Consulting. Paoli Consulting Balance Sheet March 31, 20Y9 Current assets: Total current assets Property, plant, and equipment: Common Retained Stock Earnings Total property, plant, and equipment Total assets Current liabilities: Total liabilities Liabilities Total Stockholders' Equity Amount Amount Amount U 0 00 Paoli Consulting Statement of Stockholders' Equity For the Year Ended March 31, 20Y9 Line Item Description Line Item Description Assets Based on the preceding spreadsheet, prepare a balance sheet for Paoli Consulting. Paoli Consulting Balance Sheet March 31, 20Y9 Current assets: Total current assets Property, plant, and equipment: Common Retained Stock Earnings Total property, plant, and equipment Total assets Current liabilities: Total liabilities Liabilities Stockholders' Equity Total Total stockholders' equity Total liabilities and stockholders' equity Amount Amount Amount
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