Financial Statements from the End-of-Period SpreadsheetTriton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended April 30, 20Y3:During the year ended April 30, 20Y3, common stock of $4,000 was issued.Account TitleUnadjustedTrial BalanceDr.UnadjustedTrial BalanceCr.AdjustmentsDr.AdjustmentsCr.AdjustedTrial BalanceDr.AdjustedTrial BalanceCr.Cash15,780 15,780 Accounts Receivable37,560 37,560 Supplies3,980 3,340640 Office Equipment30,050 30,050 Accumulated Depreciation 4,170 1,990 6,160Accounts Payable 10,140 10,140Salaries Payable 490 490Common Stock 12,000 12,000Retained Earnings 26,310 26,310Dividends4,880 4,880 Fees Earned 71,180 71,180Salary Expense28,550 490 29,040 Supplies Expense 3,340 3,340 Depreciation Expense 1,990 1,990 Miscellaneous Expense3,000 3,000 Total123,800123,8005,8205,820126,280126,280Question Content AreaBased on the preceding spreadsheet, prepare an income statement for Triton Consulting.Triton ConsultingIncome StatementFor the Year Ended April 30, 20Y3Line Item DescriptionAmountAmount $- Select -Expenses: $- Select - - Select - - Select - - Select - Total expenses Total expenses $- Select - Question Content AreaBased on the preceding spreadsheet, prepare a statement of stockholders’ equity for Triton Consulting. 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.Triton ConsultingStatement of Stockholders’ EquityFor the Year Ended April 30, 20Y3Line Item DescriptionCommonStockRetainedEarningsTotal $- Select -$- Select -$- Select - - Select -- Select -- Select - - Select -- Select -- Select - - Select -- Select -- Select - $- Select -$- Select -$- Select - Question Content AreaBased on the preceding spreadsheet, prepare a balance sheet for Triton Consulting.Triton ConsultingBalance SheetApril 30, 20Y3Line Item DescriptionAmountAmountAssets Current assets: $- Select - - Select - - Select - Total current assets $Total current assetsProperty, plant, and equipment: $- Select - - Select - Total property, plant, and equipment Total property, plant, and equipmentTotal assets $Total assetsLiabilities Current liabilities: $- Select - - Select - Total liabilities $Total liabilitiesStockholders' Equity $- Select - - Select - Total stockholders' equity Total stockholders' equityTotal liabilities and stockholders' equity $Total liabilities and stockholders' equity

The financial statements of the business are classified as balance sheet, income statement and…

Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended April 30, 20Y3: During the year ended April 30, 20Y3, common stock of $4,000 was issued. Account Title Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr. Adjustments Dr. Adjustments Cr. Adjusted Trial Balance Dr. Adjusted Trial Balance Cr. Cash 15,780 15,780 Accounts Receivable 37,560 37,560 Supplies 3,980 3,340 640 Office Equipment 30,050 30,050 Accumulated Depreciation 4,170 1,990 6,160 Accounts Payable 10,140 10,140 Salaries Payable 490 490 Common Stock 12,000 12,000 Retained Earnings 26,310 26,310 Dividends 4,880 4,880 Fees Earned 71,180 71,180 Salary Expense 28,550 490 29,040 Supplies Expense 3,340 3,340 Depreciation Expense 1,990 1,990 Miscellaneous Expense 3,000 3,000 Total 123,800 123,800 5,820 5,820 126,280 126,280 Question Content Area Based on the preceding spreadsheet, prepare an income statement for Triton Consulting.

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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Question Content Area

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

Triton ConsultingIncome StatementFor the Year Ended April 30, 20Y3

Line Item Description	Amount	Amount
		$- Select -
Expenses:
	$- Select -
	- Select -
	- Select -
	- Select -
Total expenses		Total expenses
		$- Select -

Question Content Area

Based on the preceding spreadsheet, prepare a statement of stockholders’ equity for Triton Consulting. 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.

Triton ConsultingStatement of Stockholders’ EquityFor the Year Ended April 30, 20Y3

Common Stock	Retained Earnings	Total
$- Select -	$- Select -	$- Select -
- Select -	- Select -	- Select -
- Select -	- Select -	- Select -
- Select -	- Select -	- Select -
$- Select -	$- Select -	$- Select -

Question Content Area

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

Triton ConsultingBalance SheetApril 30, 20Y3

Line Item Description	Amount	Amount
Assets
Current assets:
	$- Select -
	- Select -
	- Select -
Total current assets		$Total current assets
Property, plant, and equipment:
	$- Select -
	- Select -
Total property, plant, and equipment		Total property, plant, and equipment
Total assets		$Total assets
Liabilities
Current liabilities:
	$- Select -
	- Select -
Total liabilities		$Total liabilities
Stockholders' Equity
	$- Select -
	- Select -
Total stockholders' equity		Total stockholders' equity
Total liabilities and stockholders' equity		$Total liabilities and stockholders' equity

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Account Title	Unadjusted Trial Balance Dr.	Unadjusted Trial Balance Cr.	Adjustments Dr.	Adjustments Cr.	Adjusted Trial Balance Dr.	Adjusted Trial Balance Cr.
Cash	15,780				15,780
Accounts Receivable	37,560				37,560
Supplies	3,980			3,340	640
Office Equipment	30,050				30,050
Accumulated Depreciation		4,170		1,990		6,160
Accounts Payable		10,140				10,140
Salaries Payable				490		490
Common Stock		12,000				12,000
Retained Earnings		26,310				26,310
Dividends	4,880				4,880
Fees Earned		71,180				71,180
Salary Expense	28,550		490		29,040
Supplies Expense			3,340		3,340
Depreciation Expense			1,990		1,990
Miscellaneous Expense	3,000				3,000
Total	123,800	123,800	5,820	5,820	126,280	126,280