Owner's Equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![At the beginning of September, Helen Rojas started Rojas We
inancial planning and advice about investing and managing r
ecords 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
$ 67,700
9,500
8,300
76,500
12,900
54,900
157,300
14,500
33,500
3,100
12,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67eeef0b-e6a8-43af-a851-bbb71fd1c3af%2F8551e443-0837-4cf2-bf50-d8b7d4f944b8%2F6cq5jx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the beginning of September, Helen Rojas started Rojas We
inancial planning and advice about investing and managing r
ecords 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
$ 67,700
9,500
8,300
76,500
12,900
54,900
157,300
14,500
33,500
3,100
12,000
![Complete this question by entering your answers in the tabs below.
Stmt of
Owners Eqty
Prepare a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Balance Sheet
September 30, 20X1
Total Assets
Stmt of
Owners Eqt
Balance Sheet
Assets
$
<Stmt of Owners Eqty
Helen Rojas, Capital, September 1, 20X1
Net income for September
Less: Withdrawals for September
Liabilities
0 Total Liabilities and Owner's Equity
Increase in Capital
Helen Rojas, Capital, September 30, 20X1
Owner's Equity
Balance Sheet
Stmt of Owners Eqty
Prepare a statement of owner's equity for the month of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Statement of Owner's Equity
Month Ended September 30, 20X1
Stunt of Owners Eqty
12,000
Balance Sheet >
$ 54,900
$
S
(12,000)
42,900
Balance Sheet >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67eeef0b-e6a8-43af-a851-bbb71fd1c3af%2F8551e443-0837-4cf2-bf50-d8b7d4f944b8%2F88ehdhe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Stmt of
Owners Eqty
Prepare a balance sheet for Rojas Wealth Management Consulting as of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Balance Sheet
September 30, 20X1
Total Assets
Stmt of
Owners Eqt
Balance Sheet
Assets
$
<Stmt of Owners Eqty
Helen Rojas, Capital, September 1, 20X1
Net income for September
Less: Withdrawals for September
Liabilities
0 Total Liabilities and Owner's Equity
Increase in Capital
Helen Rojas, Capital, September 30, 20X1
Owner's Equity
Balance Sheet
Stmt of Owners Eqty
Prepare a statement of owner's equity for the month of September 30, 20X1.
ROJAS WEALTH MANAGEMENT CONSULTING
Statement of Owner's Equity
Month Ended September 30, 20X1
Stunt of Owners Eqty
12,000
Balance Sheet >
$ 54,900
$
S
(12,000)
42,900
Balance Sheet >
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