Question
Exercise 2.10 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 2-5 At the beginning of September, Helen Rojas started Rojas Wealth
Exercise 2.10 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 2-5 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 $ 68,200 Accounts receivable 10,000 Office supplies 8,800 Office equipment 77,000 Accounts payable 13,400 Helen Rojas, Capital, September 1, 20X1 55,400 Fees income 157,800 Advertising expense 15,000 Salaries expense 34,000 Telephone expense 3,600 Withdrawals 10,000 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.
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