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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. $ 67, 500 9, 300 Cash Accounts receivable Office supplies Office equipment Accounts payable Helen Rojas, Capital, Septenber 1, 20X1 8, 100 76, 300 12, 700 54, 700 157, 100 14, 300 33. 300 Fees income Advertising expense Salaries expense Telephone expense Vithdrawals 2, 900 12, 800 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. Stmt of Balance Sheet Owners Eqty

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. $ 67, 500 9, 300 Cash Accounts receivable Office supplies Office equipment Accounts payable Helen Rojas, Capital, Septenber 1, 20X1 8, 100 76, 300 12, 700 54, 700 157, 100 14, 300 33. 300 Fees income Advertising expense Salaries expense Telephone expense Vithdrawals 2, 900 12, 800 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. Stmt of Balance Sheet Owners Eqty

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $ 67, 500 9, 300 8, 100 76, 300 12, 700 54, 700 157, 100 Fees income Advertising expense Salaries expense Telephone expense Withdrawals 14, 300 33, 300 2, 900 12, 800 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. Stmt of Owners Egty Balance Sheet Prepare a statement of owner's equity for the month of September 30, 20X1.
Transcribed Image Text: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 $ 67, 500 9, 300 8, 100 76, 300 12, 700 54, 700 157, 100 Fees income Advertising expense Salaries expense Telephone expense Withdrawals 14, 300 33, 300 2, 900 12, 800 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. Stmt of Owners Egty Balance Sheet Prepare a statement of owner's equity for the month of September 30, 20X1.
Assets Liabilities + Owner's Equity %3D Prepaid Trayton Eli, Сapital Аccounts Cash + Supplies + Rent + Equipment Payable + + Revenue Previous balances $ 83,000 + $1,500 + $8,000 + $11,000 $3,500 + $100,000 (g) Received cash +$36,000 (g) Increased owner's equity by earning revenue + $36,000 New balances $119,000 + $1,500 + $8,000 + $11,000 $3,500 + $100,000 + $ 36,000 $139,500 $139,500
Transcribed Image Text:Assets Liabilities + Owner's Equity %3D Prepaid Trayton Eli, Сapital Аccounts Cash + Supplies + Rent + Equipment Payable + + Revenue Previous balances $ 83,000 + $1,500 + $8,000 + $11,000 $3,500 + $100,000 (g) Received cash +$36,000 (g) Increased owner's equity by earning revenue + $36,000 New balances $119,000 + $1,500 + $8,000 + $11,000 $3,500 + $100,000 + $ 36,000 $139,500 $139,500
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