Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet...
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Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 20Y6: Account Title Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Jayson Neese, Capital Jayson Neese, Drawing Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Unadjusted Trial Balance Dr. 16,980 40,430 4,290 32,340 5,260 29,920 Cr. Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2016 4,490 10,920 41,240 75,800 3,230 132,450 132,450 Adjustments Dr. (c) 530 (a) 3,600 (b) 2,140 6,270 Cr. (a) 3,600 (b) 2,140 (c) 530 6,270 Adjusted Trial Balance Dr. 16,980 40,430 690 32,340 5,260 30,450 3,600 2,140 3,230 135,120 Cr. 6,630 10,920 530 41,240 75,800 135,120 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptic Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 20Y6: Account Title Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Jayson Neese, Capital Jayson Neese, Drawing Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Unadjusted Trial Balance Dr. 16,980 40,430 4,290 32,340 5,260 29,920 Cr. Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2016 4,490 10,920 41,240 75,800 3,230 132,450 132,450 Adjustments Dr. (c) 530 (a) 3,600 (b) 2,140 6,270 Cr. (a) 3,600 (b) 2,140 (c) 530 6,270 Adjusted Trial Balance Dr. 16,980 40,430 690 32,340 5,260 30,450 3,600 2,140 3,230 135,120 Cr. 6,630 10,920 530 41,240 75,800 135,120 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting. Elliptic Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting.
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To create the financial statements for Elliptical Consulting based on the provided endofperiod sprea... View the full answer
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Posted Date:
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