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   Trial Balance Adjustments Trial Balance Account Title   Dr.   Cr.     Dr.     Cr.   Dr.   Cr.                   Cash 9,670           9,670   Accounts Receivable 23,020           23,020   Supplies 2,440       (a) 2,050 390   Office Equipment 18,420           18,420   Accumulated Depreciation   2,560     (b) 1,220   3,780 Accounts Payable   6,220           6,220 Salaries Payable          (c) 300   300 Lisa Gooch, Capital   23,480           23,480 Lisa Gooch, Drawing 2,990           2,990   Fees Earned   43,620           43,620 Salary Expense 17,500   (c) 300     17,800   Supplies Expense     (a) 2,050     2,050   Depreciation Expense     (b) 1,220     1,220   Miscellaneous Expense 1,840           1,840     75,880 75,880   3,570   3,570 77,400 77,400 Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting. Bamboo Consulting Income Statement For the Year Ended July 31, 2019     $fill in the blank 8651c70cf00506f_2 Expenses:       $fill in the blank 8651c70cf00506f_4     fill in the blank 8651c70cf00506f_6     fill in the blank 8651c70cf00506f_8     fill in the blank 8651c70cf00506f_10   Total expenses   fill in the blank 8651c70cf00506f_11     $fill in the blank 8651c70cf00506f_13 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     $fill in the blank 87ffd9f4301bf7f_2   $fill in the blank 87ffd9f4301bf7f_4     fill in the blank 87ffd9f4301bf7f_6       fill in the blank 87ffd9f4301bf7f_8     $fill in the blank 87ffd9f4301bf7f_10 Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting. Bamboo Consulting     Balance Sheet     July 31, 2019     Assets     Current assets:       $fill in the blank f35d6f05ef8204e_2     fill in the blank f35d6f05ef8204e_4     fill in the blank f35d6f05ef8204e_6   Total current assets   $fill in the blank f35d6f05ef8204e_7 Property, plant, and equipment:       $fill in the blank f35d6f05ef8204e_9     fill in the blank f35d6f05ef8204e_11   Total property, plant, and equipment   fill in the blank f35d6f05ef8204e_12 Total assets   $fill in the blank f35d6f05ef8204e_13 Liabilities     Current liabilities:       $fill in the blank f35d6f05ef8204e_15     fill in the blank f35d6f05ef8204e_17   Total liabilities   $fill in the blank f35d6f05ef8204e_18 Owner's Equity         fill in the blank f35d6f05ef8204e_20 Total liabilities and owner's equity   $fill in the blank f35d6f05ef8204e_21

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
  Trial Balance Adjustments Trial Balance
Account Title   Dr.   Cr.     Dr.     Cr.   Dr.   Cr.
                 
Cash 9,670           9,670  
Accounts Receivable 23,020           23,020  
Supplies 2,440       (a) 2,050 390  
Office Equipment 18,420           18,420  
Accumulated Depreciation   2,560     (b) 1,220   3,780
Accounts Payable   6,220           6,220
Salaries Payable          (c) 300   300
Lisa Gooch, Capital   23,480           23,480
Lisa Gooch, Drawing 2,990           2,990  
Fees Earned   43,620           43,620
Salary Expense 17,500   (c) 300     17,800  
Supplies Expense     (a) 2,050     2,050  
Depreciation Expense     (b) 1,220     1,220  
Miscellaneous Expense 1,840           1,840  
  75,880 75,880   3,570   3,570 77,400 77,400

Based on the preceding spreadsheet, prepare an income statement for Bamboo Consulting.

Bamboo Consulting
Income Statement
For the Year Ended July 31, 2019
    $fill in the blank 8651c70cf00506f_2
Expenses:    
  $fill in the blank 8651c70cf00506f_4  
  fill in the blank 8651c70cf00506f_6  
  fill in the blank 8651c70cf00506f_8  
  fill in the blank 8651c70cf00506f_10  
Total expenses   fill in the blank 8651c70cf00506f_11
    $fill in the blank 8651c70cf00506f_13

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
    $fill in the blank 87ffd9f4301bf7f_2
  $fill in the blank 87ffd9f4301bf7f_4  
  fill in the blank 87ffd9f4301bf7f_6  
    fill in the blank 87ffd9f4301bf7f_8
    $fill in the blank 87ffd9f4301bf7f_10

Based on the preceding spreadsheet, prepare a balance sheet for Bamboo Consulting.

Bamboo Consulting    
Balance Sheet    
July 31, 2019    
Assets    
Current assets:    
  $fill in the blank f35d6f05ef8204e_2  
  fill in the blank f35d6f05ef8204e_4  
  fill in the blank f35d6f05ef8204e_6  
Total current assets   $fill in the blank f35d6f05ef8204e_7
Property, plant, and equipment:    
  $fill in the blank f35d6f05ef8204e_9  
  fill in the blank f35d6f05ef8204e_11  
Total property, plant, and equipment   fill in the blank f35d6f05ef8204e_12
Total assets   $fill in the blank f35d6f05ef8204e_13
Liabilities    
Current liabilities:    
  $fill in the blank f35d6f05ef8204e_15  
  fill in the blank f35d6f05ef8204e_17  
Total liabilities   $fill in the blank f35d6f05ef8204e_18
Owner's Equity    
    fill in the blank f35d6f05ef8204e_20
Total liabilities and owner's equity   $fill in the blank f35d6f05ef8204e_21
     
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