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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

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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 items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $ 1,500 23,000 3,188 36,000 28,000 5,625 80,263 Cash withdrawals by owner $ 3,360 Consulting fees earned 25,000 Rent expense 4,500 Salaries expense 10,000 Telephone expense 660 Miscellaneous expenses 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 Cash Accounts receivable Office supplies Office equipment Land Total Assets DR-03.png

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