Wk 1. Apply: Connect Exercise (due Mon) Cullen Beatty plans to start a consulting business Cullen Consulting Services. In preparation to do this, on April 1. 2019, he invested $46,500 in cash and $15,500 in equipment, and opened an account at Office Plus by purchasing $1,150 in office supplies which is due by the end of the month. He then signed a one-year lease agreement on an office building for $5,300, paying the full amount in advance. Prepare a Balance Sheet for Cullen Consulting Services as of April 2019, before he conducts any services. CULLEN CONSULTING SERVICES Balance Sheet April 1, 2019 Assets Liabilities Owner's Equity Total Assets Total Linates and Owner's Equity At the beginning of September, Selena Cantu started Cantu 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. $ 66,600 8.400 7.2ee 75, 4ee 11,800 Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Selena Cantu, Capital, September 1, 2019 Fees Income Advertising Expense Salaries Expense Telephone Expense Withdrawals 53,800 156, 2ee 13.ee 32,4ee 2.ee 16,400 Required: Prepare a statement of owner's equity for the month of September and a balance sheet for Cantu Wealth Management Consulting as of September 30, 2019 Complete this question by entering your answers in the tabs below. Somt of Owners Egly Balance Sheet Prepare a statement of owner's equity for the month of September 30, 2019. CANTU WEALTH MANAGEMENT CONSULTING Wk 1 - Apply: Connect Exercise (due Mon) Tax accounting involves tax compliance and Multiple Choice points tax configuration O tax obfuscation Required information At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1.160: Prepaid Insurance, $460; Equipment, $35.800 and Cash, $40,450. On the same date, SloMo owed the following creditors: Simpson Supply Company, $11,600; Allen Office Equipment, $9,300. Part 1 of 2 The total assets for the SloMo Delivery Service are: Multiple Choice S76250 M2070 $1610 ,870 Wk 1 - Apply: Connect Exercise (due Mon Required information At the end of the first month of operations for Slomo Delivery Service, the business had the following accounts: Accounts Receivable, $1,160; Prepaid Insurance, $460Equipment, $35.800 and Cash, $10.450. On the same date, SloMo owed the following creditors: Simpson Supply Company, $11,600: Allen Office Equipment, $9,300. Part 2 of 2 The total amount of Liabilities is: points Multiple Choice O $9,300 0 $20,900 0 0 $35.800 0 $40.450 Wk 1 - Apply: Connect Exercise (due Mon) Required information On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts: Part 1 of 2 Cash Accounts Receivable Office Equipment Canoe and Kayak Equipment Accounts Payable Shawn Dahl, Capital Revenue Expenses Transactions 1. Shawn Dahl invested $44100 in cash to open the business 2. Paid $11,800 in cash for the purchase of kayak and canoe equipment 3. Paid $2,000 in cash for rent expense 4. Purchased additional kayak and canoe equipment for $4,750 on credit 5. Received $4,850 in cash for kayak rentals 6. Rented canoes and kayaks for $2,150 on account 7. Purchased office equipment for $220 in cash 8. Received $1.275 in cash from credit clients 9. Shawn Dahl withdrew $2.450 in cash for personal expenses Based on the Information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September? Balance of accounts receivable Required information On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts: Part 2 of 2 Cash Accounts Receivable Office Equipment Canoe and Kayak Equipment Accounts Payable Shawn Dahl, Capital Revenue points Expenses Transactions 1. Shawn Dahl invested $44.100 in cash to open the business 2. Paid $11.800 in cash for the purchase of kayak and canoe equipment 3. Pald $2,000 in cash for rent expense 4. Purchased additional kayak and canoe equipment for $4,750 on credit 5. Received $4,850 in cash for kayak rentals 6. Rented canoes and kayaks for $2,150 on account 7. Purchased office equipment for $220 in cash 8. Received $1.275 in cash from credit clients 9. Shawn Dahl withdrew $2.450 in cash for personal expenses Based on the information above, complete the following accounting equation Owner's Equity Assets Required information The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $70.000 (Transaction 1) Assets = Liab. + Owner's Equity Accts. Accts. G. Sawyer, Transaction Cash Rec. Supp. Equip. Pay. Capital Rev. Exp. 1 +70, eee +70, eee - 7,800 +7,800 +4,800 +4,8ee +3,280 +3,289 -3,300 - 3,300 + 630 -630 -2,000 -2, eee -41e +410 57,120+ 4,170+ 410+11,080. 3,280+ 68,000 + 4,800- 3,300 What was the net income or net loss for Sawyer Architecture Services for the month of June? The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $70,000 (Transaction 1). Part 2 of 2 Assets = Liab. + Owner's Equity Accts. Accts. G. Sawyer, Transaction Cash Rec. Supp. Equip. Pay. Capital Rev. Exp. 1 +70, eee +70, eee 2 - 7,800 +7,800 +4,800 +4,800 +3,289 +3,280 -3,300 -3,300 + 630 -630 -2,000 -2,000 -410 +410 57, 120+ 4,170+ 410+11,080. 3,280+ 68,000 + 4,800- 3,300 points Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019 SAWYER ARCHITECTURE SERVICES Statement of Owner's Equity Month Ended June 30, 2019