One-year lease agreement on an office building

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Cullen Beatty plans to start a consulting business-Cullen Consulting Services. In preparation to do this, on April 1, 2019, he invested $53,500 in cash and $22,500 in equipment, and opened an account at Office Plus by purchasing $1,850 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 $6,700, paying the full amount in advance.

Prepare a Balance Sheet

Reference no: EM132420620

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