Exercise 2.10 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 2-5 At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money. On September 30, the accounting records of the business showed the following Information. Cash Accounts receivable Office supplies Office equipment Accounts payable Helen Rojas, Capital, September 1, 20x1 Fees income Advertising expense Salaries expense Telephone expense Withdrawals $ 67,300 9,100 7,900 76,100 12,500 54,500 156,900 14,100 33,100 2,700 13,600 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Exercise 2.10 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 2-5
At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that offers financial planning and
advice about investing and managing money. On September 30, the accounting records of the business showed the following
information.
Cash
Accounts receivable
Office supplies
Office equipment
Accounts payable
Helen Rojas, Capital, September 1, 20x1
Fees
Fees
income
Advertising expense
Salaries expense
Telephone expense
Withdrawals
$ 67,300
9,100
7,900
76,100
12,500
54,500
Required:
Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting as of
September 30, 20X1.
Stmt of
Owners Eqty
156,900
14,100
33,100
2,700
13,600
Complete this question by entering your answers in the tabs below.
Balance Sheet
Transcribed Image Text:Exercise 2.10 (Algo) Preparing a statement of owner's equity and a balance sheet. LO 2-5 At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money. On September 30, the accounting records of the business showed the following information. Cash Accounts receivable Office supplies Office equipment Accounts payable Helen Rojas, Capital, September 1, 20x1 Fees Fees income Advertising expense Salaries expense Telephone expense Withdrawals $ 67,300 9,100 7,900 76,100 12,500 54,500 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1. Stmt of Owners Eqty 156,900 14,100 33,100 2,700 13,600 Complete this question by entering your answers in the tabs below. Balance Sheet
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