Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was
Question:
Bamboo Consulting is a consulting firm owned and operated by Lisa Gooch. The following end-of-period spreadsheet was prepared for the year ended July 31, 20Y5:
Based on the preceding spreadsheet, prepare an income statement, statement of owner’s equity, and balance sheet for Bamboo Consulting.
E B C D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 20Y5 Unadjusted Trial Balance Cr. G A 1. 2 Adjusted Trial Balance Dr. 3 Adjustments Cr. Dr. Cr. 6 Account Title Dr. 7. 8 Cash 9 Accounts Receivable 10 Supplies 11 Office Equipment 12 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Lisa Gooch, Capital 16 Lisa Gooch, Drawing 17 Fees Earned 18 Salary Expense 19 Supplies Expense 20 Depreciation Expense 21 Miscellaneous Expense 58.000 106,200 58,000 106,200 11,900 515,000 4,400 515,000 (a) 7,500 33,600 20,500 2,500 516,700 (b) 5,600 28,000 20,500 |(c) 2,500 516,700 25,000 25,000 348,500 348,500 (c) 2,500 (a) 7,500 (b) 5,600 189,000 7,500 5,600 11,100 15,600 921,800 921,800 186,500 11,100 913.700 913,700 15,600 22 23
Step by Step Answer:
A Income Statment Bamboo Consulting I ncome Statement For the year ended 31 July 20Y5 ...View the full answer
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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