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On October 1, Natalie King organized Real Solutions, a new consulting firm (as a Sole Proprietorship). On October 31, the company's records show the following
On October 1, Natalie King organized Real Solutions, a new consulting firm (as a Sole Proprietorship). On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $ 2,250 18,000 4,781 36,000 28,000 8,438 76,893 Cash withdrawals by owner Consulting fees earned Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,360 20,000 3,600 8,000 660 680 Using the above information prepare an October 31 statement of financial position for Real Solutions. (Omit the "S" sign in your response) Be sure to list the assets in order of their liquidity from most to least liquid as follows 1.Cash 2.Accounts Receivable 3. Supplies 4.Equipment 5. Land. REAL SOLUTIONS Statement of Financial Position October 31 Assets (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total Assets idilini Liabilities (Click to select) Equity (Click to select) Total Liabilities and Equity
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