Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was
Question:
Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Taser Consulting.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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B | C | D | E | F | G Taser Consulting End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Unadjusted Trial Balance Adjustments Trial Balance Dr 4 6 Account Title Cr. 8Cash 9 Accounts Receivable 10 Supplies 45,000 19,200 11,900 45,000 119,200 7,500 4,400 400,000 1 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 24 400,000 62,000 20,500 9,000 75,000 180,700 56,000 20,500 6,000 9,000 75,000 180,700 25,000 25,000 800,000 800,000 520,000 9,000 7,500 6,000 529,000 7,500 6,000 11.100 11,100 1,132,200 1,132,200 22,500 22,500 1,147 200 1147.200
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Taser Consulting Income Statement For the Year Ended October 31 2018 Fees earned 800000 Expenses Sal...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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