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At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money.
At the beginning of September, Selena Cantu started Cantu 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 | $ | 67,200 | ||
Accounts Receivable | 9,000 | |||
Office Supplies | 7,800 | |||
Office Equipment | 76,000 | |||
Accounts Payable | 12,400 | |||
Selena Cantu, Capital, September 1, 2019 | 54,400 | |||
Fees Income | 156,800 | |||
Advertising Expense | 14,000 | |||
Salaries Expense | 33,000 | |||
Telephone Expense | 2,600 | |||
Withdrawals | 14,000 | |||
Required:
Prepare a balance sheet for Cantu Wealth Management Consulting as of September 30, 2019.
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