At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that...
70.2K
Verified Solution
Link Copied!
Question
Accounting
At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money. On September 30, the accounting records of the business showed the following information.
Cash
$
66,600
Accounts receivable
8,400
Office supplies
7,200
Office equipment
75,400
Accounts payable
11,800
Helen Rojas, Capital, September 1, 20X1
53,800
Fees income
156,200
Advertising expense
13,400
Salaries expense
32,400
Telephone expense
2,000
Withdrawals
16,400
Required:
Prepare a statement of owners equity for the month of September and a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1.
Stmt of Owners Eqty
Balance Sheet
Prepare a statement of owners equity for the month of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Statement of Owners Equity
Month Ended September 30, 20X1
Accounts payable
0
$0
Prepare a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Balance Sheet
September 30, 20X1
Assets
Liabilities
Owner's Equity
Total Assets
$0
Total Liabilities and Owner's Equity
$0
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!