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On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records

On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records contained the following amounts:

Accounts payable $1,800 Dividends declared and paid $1,900
Accounts receivable 2,200 Office equipment 25,000
Accumulated depreciation 500 Office supplies 1,750
Cash 10,000 Office supplies expense 600
Consulting fees revenue 19,200 Rent expense 2,400
Common stock 30,000 Telephone expense 250
Depreciation expense 500 Wages expense 6,900

Required: Prepare a balance sheet for Fast Track, Inc. as of September 30, 2016.

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