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On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts. Cash
On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts. |
Cash | $ | 2,000 | Cash withdrawals by owner | $ | 3,360 | |
Accounts receivable | 13,000 | Consulting fees earned | 15,000 | |||
Office supplies | 4,250 | Rent expense | 2,550 | |||
Land | 36,000 | Salaries expense | 6,000 | |||
Office equipment | 28,000 | Telephone expense | 660 | |||
Accounts payable | 7,500 | Miscellaneous expenses | 680 | |||
Owner investments | 74,000 | |||||
Using the above information prepare an October statement of changes in equity for Real Solutions. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.) |
REAL SOLUTIONS Statement of Owner's Equity For Month Ended October 31 | ||
(Click to select)N. King, Capital, Oct. 31 Accounts payable Consulting fees earned N. King, Capital, Oct. 1Cash $ | ||
(Click to select)Less: Investments by owner Less: Withdrawals by owner Add: Investments by owner Add: Withdrawals by ownerCash $ | ||
(Click to select)Add: Net profit Less: Net loss $ | ||
(Click to select)Cash Add: Withdrawals by owner Less: Investments by owner Less: Withdrawals by owner Add: Investments by owner $ | ||
(Click to select)Consulting fees earned Accounts payable N. King, Capital, Oct. 31 Cash N. King, Capital, Oct. 1 $ | ||
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