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:

	Demo Consulting
	End-of-Period Spreadsheet
	For the Year Ended August 31, 20Y9
	Unadjusted						Adjusted
	Trial Balance		Adjustments				Trial Balance
Account Title	Dr.	Cr.		Dr.		Cr.	Dr.	Cr.
Cash	11,410						11,410
Accounts Receivable	27,160						27,160
Supplies	2,880					2,420	460
Land	23,090						23,090
Office Equipment	21,730						21,730
Accumulated Depreciation		3,010				1,440		4,450
Accounts Payable		7,330						7,330
Salaries Payable						350		350
Common Stock		9,100						9,100
Retained Earnings		18,600						18,600
Dividends	3,530						3,530
Fees Earned		73,760						73,760
Salary Expense	19,830			350			20,180
Supplies Expense				2,420			2,420
Depreciation Expense				1,440			1,440
Miscellaneous Expense	2,170						2,170
	111,800	111,800		4,210		4,210	113,590	113,590

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

Demo Consulting
Income Statement
For the Year Ended August 31, 20Y9
Fees earned		$fill in the blank e5b44af7dff601d_2
Expenses:
Cash	$fill in the blank e5b44af7dff601d_4
	fill in the blank e5b44af7dff601d_6
	fill in the blank e5b44af7dff601d_8
	fill in the blank e5b44af7dff601d_10
Total expenses		fill in the blank e5b44af7dff601d_11
		$fill in the blank e5b44af7dff601d_13

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Based on the preceding spreadsheet, prepare a statement of stockholders equity for Demo Consulting. During the year ended August 31, 20Y9, $3,600 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.

Demo Consulting
Statement of Stockholders Equity
For the Year Ended August 31, 20Y9
	Common Stock	Retained Earnings	Total
Balances, September 1, 20Y8	$fill in the blank b35a9cff1fdffbd_2	$fill in the blank b35a9cff1fdffbd_3	$fill in the blank b35a9cff1fdffbd_4
Issued common stock	fill in the blank b35a9cff1fdffbd_6	fill in the blank b35a9cff1fdffbd_7	fill in the blank b35a9cff1fdffbd_8
Net income	fill in the blank b35a9cff1fdffbd_10	fill in the blank b35a9cff1fdffbd_11	fill in the blank b35a9cff1fdffbd_12
Dividends	fill in the blank b35a9cff1fdffbd_14	fill in the blank b35a9cff1fdffbd_15	fill in the blank b35a9cff1fdffbd_16
Balances, August 31, 20Y9	$fill in the blank b35a9cff1fdffbd_18	$fill in the blank b35a9cff1fdffbd_19	$fill in the blank b35a9cff1fdffbd_20

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

Demo Consulting
Balance Sheet
August 31, 20Y9
Assets
Current assets:
Cash		$fill in the blank d1f5d601d06afac_2
Accounts receivable		fill in the blank d1f5d601d06afac_4
Supplies		fill in the blank d1f5d601d06afac_6
Total current assets			$fill in the blank d1f5d601d06afac_7
Property, plant, and equipment:
Land		$fill in the blank d1f5d601d06afac_9
Office equipment	$fill in the blank d1f5d601d06afac_11
Accumulated depreciation	fill in the blank d1f5d601d06afac_13
Book value-office equipment		fill in the blank d1f5d601d06afac_15
Total property, plant, and equipment			fill in the blank d1f5d601d06afac_16
Total assets			$fill in the blank d1f5d601d06afac_17
Liabilities
Current liabilities:
Accounts payable		$fill in the blank d1f5d601d06afac_19
Salaries payable		fill in the blank d1f5d601d06afac_21
Total liabilities			$fill in the blank d1f5d601d06afac_22
Stockholders' Equity
Common stock		$fill in the blank d1f5d601d06afac_24
Retained earnings		fill in the blank d1f5d601d06afac_26
Total stockholders' equity			fill in the blank d1f5d601d06afac_27
Total liabilities and stockholders' equity			$fill in the blank d1f5d601d06afac_28