Solution-Financial statements from the end-of-period

Financial statements from the end-of-period spreadsheet

Reference no: EM13555739

Financial statements from the end-of-period spreadsheet

Olympia Consulting is a consulting firm owned and operated by Raul Hann. The following end-of-period spreadsheet was prepared for the year ended April 30, 2014.

Olympia Consulting End-of-Period Spreadsheet For the Year Ended April 30, 2014
	Unadjusted				Adjusted
	Trial Balance		Adjusted		Trial Balance
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.

Cash	27,500				27,500
Accounts Receivable	53,500				53,500
Supplies	3,000			(a) 1,800	1,200
Office Equipment	30,500				30,500
Accumulated Depreciation		4,500		(b) 750		5,250
Accounts Payable		3,300				3,300
Salaries Payable				(c ) 450		450
Capital Stock		30,000				30,000
Retained Earnings		52,200				52,200
Dividends	2,000				2,000
Fees Earned		60,000				60,000
Salary Expense	32,000				32,450
Supplies Expense					1,800
Depreciation Expense					750
Miscellaneous Expense	1,500				1,500
	150,000	150,000	3,000	3,000	151,200	151,200

Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Olympia Consulting.

Reference no: EM13555739

Questions Cloud

Explain the expression for kc for the equilibrium : What is the expression for Kc for the following equilibrium. CaCO3(s) yields CaO(s) + CO2 (g). please explain

The appropriate use of transparency in an organization : Post an evaluation of the appropriate use of transparency in an organization

Balance sheet for holism consulting : Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Holism Consulting.

How does it fit strategically with the organization : What strategic alternative do you recommend and why? How does it fit strategically with the organization?

Financial statements from the end-of-period spreadsheet : Based on the preceding spreadsheet, prepare an income statement, retained earnings statement, and balance sheet for Olympia Consulting.

Define what is the longest wavelength of light : The binding energy of electrons to a chromium metal surface is 7.21 × 10-19 J. What is the longest wavelength of light (in nm) that will eject electrons from chromium metal

What is the ratio of final pressure to the initial pressure : A gas with initial conditions (P,V,T)i expands isothermally until the final volume=1.986 times the initial volume. What is the ratio of the final pressure to the initial pressure

Explain the expression for kp in terms of kc : Consider the gaseous reaction COCl2(g) CO(g) + Cl2(g) . What is the expression for Kp in terms of Kc

Expectations of the event planners : Expectations of the event planners, client, attendees, and other stakeholders. What are their goals? Then, review how you will meet those goals.

User Account

All Pages

Financial statements from the end-of-period spreadsheet

Reference no: EM13555739

Reference no: EM13555739

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Your final portfolio for the class will be to create a

Impact on the companys overall profit

Evaluate an organizations intangible assets

What is the importance of division field if you found that

How corporate leaders may make improper assumptions

Determine molding departments direct cost variances

Identify the ethical issues involved

Define value-added costs

Find the total variance from the flex

What overhead rate was used in each year

Evaluate the present value ratio of the investment

Prepare a statement of cash flows for sunset travel

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT