Question
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 $ 66,200 Accounts Receivable 8,000 Office Supplies 6,800 Office Equipment 75,000 Accounts Payable 11,400 Selena Cantu, Capital, September 1, 2019 53,400 Fees Income 155,800 Advertising Expense 13,000 Salaries Expense 32,000 Telephone Expense 1,600 Withdrawals 18,000 Required: Prepare a statement of owners equity for the month of September and a balance sheet for Cantu Wealth Management Consulting as of September 30, 2019.
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