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Financial Statements from the End-of-Period Spreadsheet

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Asked: Jul 19,2021 In: Research
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Asked: Jul 19,2021 In: Research

Financial Statements from the End-of-Period Spreadsheet

Financial Statements from the End-of-Period Spreadsheet

Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 20Y9:

 


End of year spreadsheet
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i sixsigma
i sixsigma Added an answer on Jul 19,2021

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

Based on the preceding spreadsheet, prepare a statement of stockholders’ equity for Demo Consulting. During the year ended August 31, 20Y9, $2,700 of additional common stock was issued. 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.

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

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