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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, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Adjusted Trial Bal Enter your search term Unadjusted Trial Balance Adjustments

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, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Adjusted Trial Bal Enter your search term Unadjusted Trial Balance Adjustments

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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Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity
Transcribed Image Text:Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Bamboo Consulting. Bamboo Consulting Statement of Owner's Equity For the Year Ended July 31, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting Balance Sheet July 31, 2019 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Owner's Equity Total liabilities and owner's equity
Financial Statements from the End-of-Period Spreadsheet 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, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Adjusted Adjustments Trial Bal Enter your search term Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 11,920 11,920 Accounts Receivable 28,390 28,390 Supplies 3,010 (a) 2,530 480 Office Equipment 22,710 22,710 Accumulated Depreciation 3,150 (ь) 1,500 4,650 Accounts Payable 7,670 7,670 Salaries Payable (c) 370 370 Lisa Gooch, Capital 28,960 28,960 Lisa Gooch, Drawing 3,690 3,690 Fees Earned 53,220 53,220 Salary Expense 21,010 (c) 370 21,380 Supplies Expense (a) 2,530 2,530 Depreciation Expense (b) 1,500 1,500 Miscellaneous Expense 2,270 2,270 93,000 93,000 4,400 4,400 94,870 94,870 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019 Expenses: Total expenses
Transcribed Image Text:Financial Statements from the End-of-Period Spreadsheet 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, 2019: Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Adjusted Adjustments Trial Bal Enter your search term Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 11,920 11,920 Accounts Receivable 28,390 28,390 Supplies 3,010 (a) 2,530 480 Office Equipment 22,710 22,710 Accumulated Depreciation 3,150 (ь) 1,500 4,650 Accounts Payable 7,670 7,670 Salaries Payable (c) 370 370 Lisa Gooch, Capital 28,960 28,960 Lisa Gooch, Drawing 3,690 3,690 Fees Earned 53,220 53,220 Salary Expense 21,010 (c) 370 21,380 Supplies Expense (a) 2,530 2,530 Depreciation Expense (b) 1,500 1,500 Miscellaneous Expense 2,270 2,270 93,000 93,000 4,400 4,400 94,870 94,870 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019 Expenses: Total expenses
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