Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end of- period
Question:
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:
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.
|CDI Triton Consulting End-of-Period Spreadsheet For the Year Ended April 30, 20Y3 Unadjusted Trial Balance Cr. A Adjusted Trial Balance Adjustments Dr. 6 Account Title Dr. Cr. Dr. Cr. 7 8 Cash 9 Accounts Receivable 10 Supplies 11 Office Equipment 12 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Common Stock 16 Retained Earnings 17 Dividends 18 Fees Earned 19 Salary Expense 20 Supplies Expense 21 Depreciation Expense 22 Miscellaneous Expense 23 24 21,500 51,150 2,400 32,000 21,500 51,150 750 1,650 32,000 900 5,400 3,350 2,000 20,000 52,200 4,500 3,350 2,000 20,000 52,200 10,000 279,000 10,000 279,000 2,000 1,650 900 240,000 242,000 1,650 006 2,000 2,000 359,050 359,050 4,550 4,550 361,950 361,950 123 456 r
Step by Step Answer:
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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