Question

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, 2018:

	Triton Consulting
	End-of-Period Spreadsheet
	For the Year Ended April 30, 2018
	Unadjusted						Adjusted
	Trial Balance		Adjustments				Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	14,990						14,990
Accounts Receivable	35,690						35,690
Supplies	3,780				(a)	3,180	600
Office Equipment	28,910						28,910
Accumulated Depreciation		3,960			(b)	1,890		5,850
Accounts Payable		9,640						9,640
Salaries Payable					(c)	460		460
Common Stock		12,000						12,000
Retained Earnings		24,400						24,400
Dividends	4,640						4,640
Fees Earned		67,640						67,640
Salary Expense	26,770		(c)	460			27,230
Supplies Expense			(a)	3,180			3,180
Depreciation Expense			(b)	1,890			1,890
Miscellaneous Expense	2,860						2,860
	117,640	117,640		5,530		5,530	119,990	119,990

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

Triton Consulting
Income Statement
For the Year Ended April 30, 2018
		$
Expenses:
	$
Total expenses
		$

Based on the preceding spreadsheet, prepare a retained earnings statement for Triton Consulting.

Triton Consulting
Retained Earnings Statement
For the Year Ended April 30, 2018
		$
	$
		$

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

Triton Consulting
Balance Sheet
April 30, 2018
Assets
Current assets:
	$
Total current assets		$
Property, plant, and equipment:
	$
Total property, plant, and equipment
Total assets		$
Liabilities
Current liabilities:
	$
Total liabilities		$
Stockholders' Equity
Total stockholders' equity
Total liabilities and stockholders' equity

Answer 1