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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.

CANTU WEALTH MANAGEMENT CONSULTING
Balance Sheet
September 30, 2019
Assets Liabilities
Owner's Equity
Total assets $0 Total liabilities and Owner's equity $0

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