Prepare a balance sheet for the business


Dominick Lopez operates a consulting firm called tech today. On August 31, the company's records show the following accounts for the month of August. Use this information to prepare a balance sheet for the business.
Cash----$8360

  • Accounts receivable--$17000
  • Office supplies----$3250
  • Land----$46000
  • Office equipment----$18000
  • Accounts payable----$8000
  • D. Lopez capital, July 31 -----$4000
  • D.Lopez withdrawals -----$3000
  • Consulting fees earned ----$17000
  • Rent expense ----$4500
  • Salaries expense----$8000
  • Telephone expense ----$560
  • Miscelleneous expense---$280
  • Owner investments ----$80000

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Accounting Basics: Prepare a balance sheet for the business
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