Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. Th

Question

Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was prepared for the year ended October 31, 2018 Taser Consulting End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Cr Cr Cr Cash Accounts Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned 9,080 21,630 2,290 17,740 9,080 21,630 360 17,740 1,930 2,400 1,150 3,550 5,840 280 7,300 14,760 5,840 280 7,300 14,760 2,810 2,810 41,200 41,200

Explanation / Answer

Income Statement For the year ended October 31,2018 Fees earned 41200 Expenses: Salary expense 16500 Supplies expense 1930 Depreciation expense 1150 Miscellaneous expense 1730 Total expenses 21310 Net income 19890

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