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Account Title Cash Accounts Receivable Supplies Land Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Adjustments Dr. Unadjusted Trial Balance Dr. 11,200 26,670 2,830 23,200 21,870 3,470 19,740 2,130 111,110 Cr. 2,960 7,200 9,000 18,200 73,750 111,110 350 2,370 1,410 4,130 Cr. 2,370 1,410 350 4,130 Adjusted Trial Balance Dr. 11,200 26,670 460 23,200 21,870 3,470 20,090 2,370 1,410 2,130 112,870 Cr. 4,370 7,200 350 9,000 18,200 73,750 112,870

Account Title Cash Accounts Receivable Supplies Land Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Adjustments Dr. Unadjusted Trial Balance Dr. 11,200 26,670 2,830 23,200 21,870 3,470 19,740 2,130 111,110 Cr. 2,960 7,200 9,000 18,200 73,750 111,110 350 2,370 1,410 4,130 Cr. 2,370 1,410 350 4,130 Adjusted Trial Balance Dr. 11,200 26,670 460 23,200 21,870 3,470 20,090 2,370 1,410 2,130 112,870 Cr. 4,370 7,200 350 9,000 18,200 73,750 112,870

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2-1 Proble... sh Research... X C Cengage... eBook Account Title Cash Accounts Receivable Supplies Land Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Check My Work Show Me How C End-of-pe... APA Citati... Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Adjustments Dr. Unadjusted Trial Balance Dr. 11,200 26,670 2,830 23,200 21,870 3,470 19,740 2,130 111,110 Cr. 2,960 7,200 9,000 18,200 73,750 111,110 350 2,370 1,410 4,130 Cr. 2,370 1,410 350 S ACC 201... 4,130 Adjusted Trial Balance Dr. 11,200 26,670 460 23,200 21,870 3,470 20,090 2,370 1,410 2,130 112,870 Cr. T8 LGBTQ... 4,370 7,200 350 9,000 18,200 73,750 112,870 C End-of-Pe... Previous + E Double M Next
Transcribed Image Text:2-1 Proble... sh Research... X C Cengage... eBook Account Title Cash Accounts Receivable Supplies Land Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Check My Work Show Me How C End-of-pe... APA Citati... Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Adjustments Dr. Unadjusted Trial Balance Dr. 11,200 26,670 2,830 23,200 21,870 3,470 19,740 2,130 111,110 Cr. 2,960 7,200 9,000 18,200 73,750 111,110 350 2,370 1,410 4,130 Cr. 2,370 1,410 350 S ACC 201... 4,130 Adjusted Trial Balance Dr. 11,200 26,670 460 23,200 21,870 3,470 20,090 2,370 1,410 2,130 112,870 Cr. T8 LGBTQ... 4,370 7,200 350 9,000 18,200 73,750 112,870 C End-of-Pe... Previous + E Double M Next
Net income Feedback 47,750 Check My Work Revenue and expense accounts flow into the income statement. Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 20Y9, $3,500 of additional common stock was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 20Y9 Common Stock Retained Earnings Total Balances, September 1, 20Y8 ✓ 8,650 X $18,200 ✔ Issued common stock 9,000 X 0 Net income 0 ✓ 47,750 -3,470 Dividends ✔ 0 ✓ Balances, August 31, 20Y9 Feedback Check My Work The statement of stockholders' equity shows the beginning balances of common stock and retained earnings. The common stock balance will be increased by any stock issued during the period, and retained earnings will be increased by any net income and decreased by any net losses and dividends. Raced on the preceding enroadcheat pronare a halance cheet for Demo Consulting Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2000d
Transcribed Image Text:Net income Feedback 47,750 Check My Work Revenue and expense accounts flow into the income statement. Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 20Y9, $3,500 of additional common stock was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 20Y9 Common Stock Retained Earnings Total Balances, September 1, 20Y8 ✓ 8,650 X $18,200 ✔ Issued common stock 9,000 X 0 Net income 0 ✓ 47,750 -3,470 Dividends ✔ 0 ✓ Balances, August 31, 20Y9 Feedback Check My Work The statement of stockholders' equity shows the beginning balances of common stock and retained earnings. The common stock balance will be increased by any stock issued during the period, and retained earnings will be increased by any net income and decreased by any net losses and dividends. Raced on the preceding enroadcheat pronare a halance cheet for Demo Consulting Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2000d
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