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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 $ 11,200 Cash withdrawals by owner $ 2,000 Accounts receivable 20,000 Consulting fees earned 22,000 Office supplies 23,800 Rent expense 3,960 Land 36,000 Salaries expense 8,800 Office equipment 18,000 Telephone expense 760 Accounts payable 42,000 Miscellaneous expenses 580 Owner investments 61,100 -------------------------------------------------------------------------------- Using the above information prepare an October statement of owner's 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)Accounts payableN. King, Capital, Oct. 1Consulting fees earnedN. King, Capital, Oct. 31Cash $ (Click to select)Less: Investments by ownerLess: Withdrawals by ownerCashAdd: Withdrawals by ownerAdd: Investments by owner (Click to select)Less: Net lossAdd: Net income -------------------------------------------------------------------------------- (Click to select)CashLess: Withdrawals by ownerAdd: Withdrawals by ownerLess: Investments by ownerAdd: Investments by owner -------------------------------------------------------------------------------- (Click to select)CashAccounts payableN. King, Capital, Oct. 1Consulting fees earnedN. King, Capital, Oct. 31 $ -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
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