Prepare a balance sheet for cullen consulting services

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Reference no: EM132360075

Question :

Cullen Beatty plans to start a consulting business - Cullen Consulting Services. In preparation to do this, on April 1,2019, he invested $48,000 in cash and $17,000 in equipment, and opended an account at Office Plus by purchasing $1,300 in office supplies which is dur by the end of the month. He then signed a one-year lease agreement on an office building for $5,600,paying the full amount in advance.

Prepare a Balance Sheet for Cullen Consulting Services as of April 1, 2019, before he conducts any services.

Reference no: EM132360075

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