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 $ 67,000 8,800 7,600 75,800 12,200 54,200 156,600 13,800 32,800 2,400 14,800 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting September 30, 20X1.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter4: Posting To A General Ledger
Section4.2: Posting From A General Journal To A General Ledger And Proving Cash
Problem 1OYO
icon
Related questions
Question

Hi.

I have another question.

Thanks,

Lisa

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
$ 67,000
8,800
7,600
75,800
12,200
54,200
156,600
13,800
32,800
2,400
14,800
Required:
Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting
September 30, 20X1.
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 income Advertising expense Salaries expense Telephone expense Withdrawals $ 67,000 8,800 7,600 75,800 12,200 54,200 156,600 13,800 32,800 2,400 14,800 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Rojas Wealth Management Consulting September 30, 20X1.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Money Management and Achieving Financial Goals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,