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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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