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Elliptical Consulting is a consulting firm ovned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 2019: Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Bala Enter your search term Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,830 14,830 Accounts Receivable 35,300 35,300 Supplies 3,740 (a) 3,140 600 Office Equipment 28,950 28,950 Accumulated Depreciation 3,920 (b) 1,870 5,790 Accounts Payable 9,530 9,530 Salaries Payable (c) 460 460 Jayson Neese, Capital 36,010 36,010 Jayson Neese, Drawing 4,590 4,590 Fees Earned 66,890 66,890 Salary Expense 26,120 (c) 460 26,580 Supplies Expense (a) 3,140 3,140 Depreciation Expense (b) 1,870 1,870 Miscellaneous Expense 2,820 2,820 116,350 116,350 5,470 5,470 118,680 118,680 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 3o, 2019

Elliptical Consulting is a consulting firm ovned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, 2019: Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Bala Enter your search term Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,830 14,830 Accounts Receivable 35,300 35,300 Supplies 3,740 (a) 3,140 600 Office Equipment 28,950 28,950 Accumulated Depreciation 3,920 (b) 1,870 5,790 Accounts Payable 9,530 9,530 Salaries Payable (c) 460 460 Jayson Neese, Capital 36,010 36,010 Jayson Neese, Drawing 4,590 4,590 Fees Earned 66,890 66,890 Salary Expense 26,120 (c) 460 26,580 Supplies Expense (a) 3,140 3,140 Depreciation Expense (b) 1,870 1,870 Miscellaneous Expense 2,820 2,820 116,350 116,350 5,470 5,470 118,680 118,680 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 3o, 2019

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 Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Elliptical Consulting Balance Sheet June 30, 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 Elliptical Consulting. Elliptical Consulting Statement of Owner's Equity For the Year Ended June 30, 2019 Based on the preceding spreadsheet, prepare a balance sheet for Elliptical Consulting. Elliptical Consulting Balance Sheet June 30, 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 Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet vas prepared for the year ended June 30, 2019: Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Bala Enter your search term Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,830 14,830 Accounts Receivable 35,300 35,300 Supplies 3,740 3,140 600 Office Equipment 28,950 28,950 Accumulated Depreciation 3,920 (b) 1,870 5,790 Accounts Payable 9,530 9,530 Salaries Payable (c) 460 460 Jayson Neese, Capital 36,010 36,010 Jayson Neese, Drawing 4,590 4,590 Fees Earned 66,890 66,890 Salary Expense 26,120 (c) 460 26,580 Supplies Expense (a) 3,140 3,140 Depreciation Expense (b) 1,870 1,870 Miscellaneous Expense 2,820 2,820 116,350 116,350 5,470 5,470 118,680 118,680 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 30, 2019 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting.
Transcribed Image Text:Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet vas prepared for the year ended June 30, 2019: Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Adjusted Trial Bala Enter your search term Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,830 14,830 Accounts Receivable 35,300 35,300 Supplies 3,740 3,140 600 Office Equipment 28,950 28,950 Accumulated Depreciation 3,920 (b) 1,870 5,790 Accounts Payable 9,530 9,530 Salaries Payable (c) 460 460 Jayson Neese, Capital 36,010 36,010 Jayson Neese, Drawing 4,590 4,590 Fees Earned 66,890 66,890 Salary Expense 26,120 (c) 460 26,580 Supplies Expense (a) 3,140 3,140 Depreciation Expense (b) 1,870 1,870 Miscellaneous Expense 2,820 2,820 116,350 116,350 5,470 5,470 118,680 118,680 Based on the preceding spreadsheet, prepare an income statement for Elliptical Consulting. Elliptical Consulting Income Statement For the Year Ended June 30, 2019 Expenses: Total expenses Based on the preceding spreadsheet, prepare a statement of owner's equity for Elliptical Consulting.
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