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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: B |c | D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance Dr. A 3 Adjusted Trial Balance Dr. 4. Adjustments Dr. Cr. Cr. Cг. 6 Account Title 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 11,900 515,000 58,000 106,200 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 25,000 348,500 348,500 186,500 |(c) 2,500 (a) 7,500 |(b) 5,600 189,000 7,500 5,600 11,100 15,600 921,800 921,800 11,100 913,700 913,700 22 15,600 23 Based on the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Bamboo Consulting.

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: B |c | D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance Dr. A 3 Adjusted Trial Balance Dr. 4. Adjustments Dr. Cr. Cr. Cг. 6 Account Title 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 11,900 515,000 58,000 106,200 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 25,000 348,500 348,500 186,500 |(c) 2,500 (a) 7,500 |(b) 5,600 189,000 7,500 5,600 11,100 15,600 921,800 921,800 11,100 913,700 913,700 22 15,600 23 Based on the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Bamboo Consulting.

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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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: B |c | D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance Dr. A 3 Adjusted Trial Balance Dr. 4. Adjustments Dr. Cr. Cr. Cг. 6 Account Title 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 11,900 515,000 58,000 106,200 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 25,000 348,500 348,500 186,500 |(c) 2,500 (a) 7,500 |(b) 5,600 189,000 7,500 5,600 11,100 15,600 921,800 921,800 11,100 913,700 913,700 22 15,600 23 Based on the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Bamboo Consulting.
Transcribed Image Text: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: B |c | D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance Dr. A 3 Adjusted Trial Balance Dr. 4. Adjustments Dr. Cr. Cr. Cг. 6 Account Title 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 11,900 515,000 58,000 106,200 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 25,000 348,500 348,500 186,500 |(c) 2,500 (a) 7,500 |(b) 5,600 189,000 7,500 5,600 11,100 15,600 921,800 921,800 11,100 913,700 913,700 22 15,600 23 Based on the preceding spreadsheet, prepare an income statement, statement of owner's equity, and balance sheet for Bamboo Consulting.
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