I need answers to the “balance sheet”portion of the end of period spreadsheet an

Question

I need answers to the “balance sheet”portion of the end of period spreadsheet and the whole net income row Prepare a balance sheet. Kelly Consulting Balance Sheet May 31, 2018 Current liabilities: Cash v 44,195V Accounts payable v 895 325 3,210 v 8,080 v Salaries payable 715 1,600 1,225 v Prepald rent v Prepald insurance Total liabilities 4,430 otal curent assets 55,815 Property, plant, and equipment: Stockholders' Equity Office equipment v 14,500 Common Stock 30,000 660 Retained earnings v otal property, plant, and 13,840 Total stockholders' equity 65,225 V Total liabilities and Total assets 69,655 69,655 Feedback

Explanation / Answer

Balance sheet Cash 44195 Accounts receivable 8080 Supplies 715 Prepaid rent 1600 Prepaid insurance 1225 Office equipment 14500 accumulated depreciation 660 Accounts payable 895 Salaries payable 325 Unearned fees 3210 Common stock 30000 Retained earnings 12300 Dividend 10500 Total 80815 47390 Net income 33425 Total 80815 80815

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