Question: Bamboo Consulting is a consulting firm owned
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: 
Based on the preceding spreadsheet, prepare an income statement, statement of owner’s equity, and balance sheet for Bamboo Consulting.
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B C D Bamboo Consulting End-of-Period Spreadsheet For the Year Ended July 31, 2019 Unadjusted Trial Balance F G 1 2 3 Adjusted Trial Balance 4 5 Adjustments 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 58,000 106,200 11,900 515,000 58,000 106,200 4,400 515,000 8 Cash 9 Accounts Receivable 10 Supplies 11 Office Equipment 12 Accumulated Depreciation 13 Accounts Payable 14 Salaries Payable 15 Lisa Gooch, Capital 16 Lisa Gooch, Drawing 17 Fees Earned 18 Salary Expense 19 Supplies Expense 20 Depreciation Expense 21 Miscellaneous Expense 22 (a) 7,500 (b) 5,600 28,000 20,500 33,600 20,500 2,500 516,700 (c) 2,500 516,700 25,000 348,500 25,000 348,500 186,500 (c) 2,500 (a) 7,500 (b) 5,600 189,000 7,500 5,600 11.100 15,600 921.800 921.800 11.100 913.700 913.700 15,600 23
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