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Business
Accounting
Owner's Equity

Owner's Equity

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 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
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 >
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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