On September 1, 2023, Fast Track, Incorporated was started with $30,000 invested by the owners as contributed capital. On September 30, 2023, the accounting records contained the following amounts:

Accounts payable $ 1,800

 Dividends declared and paid $ 1,900

Accounts receivable 2,200 

Office equipment 25,000

Accumulated depreciation 500

 Office supplies 1,750

Cash 10,000 

Office supplies expense 600

Consulting fees revenue 19,200

 Rent expense 2,400

Common stock 30,000 

Telephone expense 250

Depreciation expense 500 

Wages expense 6,900

Required:

Prepare a balance sheet for Fast Track, Incorporated as of September 30, 2023.

Answer rating: 100% (QA)

To prepare the balance sheet for Fast Track Incorporated as of September 30 2023 we would need to ca... View the full answer