Mather Consulting is a consulting firm owned and operated by Ali Cask. The end-of-period spreadsheet (work sheet)
Question:
Based on the preceding spreadsheet, prepare an income statement, statement of owners equity, and balance sheet for Mather Consulting.
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Mather Consulting End-of-Period Spreadsheet (Work Sheet) For the Year Ended December 31, 2015 Unadjusted Trial Balance Adjustments Trial Balance Income Statement Balance Sheet Adjusted 6 Account Title 8 Cash 10,500 22,800 2,400 18,500 10,500 22,800 (a) 2,200 200 18,500 10,500 22,800 200 18,500 9 Accounts Receivable 10 Supplies 11 Office Equipment 12 Accumulated Depreciation 13 Intangible Assets 14 Accounts Payable 15 Salaries Payable 16 Long-Term Liabilities 17 Ali Cask, Capital 18 Ali Cask, Withdrawals 19 Fees Earned 20 Salaries Expense 21 Supplies Expense 22 Depreciation Expense 23 Miscellaneous Expense 1850 (b) 1,200 4,700 4,700 2,000 2,000 400 2,000 22,900 (C) 400 2,000 22,900 22,900 3,000 3,000 53,800 53,800 53,800 27.250 (c) 400 a) 2,200 27,650 2,200 27,650 1,200 1,850 800 89.900 89,900 32.900 53,800 57,00036.100 1,850 88,300 88,300 25 Net income 20,900 53,800 53,800 57,000 57,000 20,900
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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