Bob Shire is the accountant for Shires Internet Service From the following information, his task is to construct a balance sheet as of September 30, 201X, in proper form Can you help him Building $ 55,000 Accounts Payable 15,000 Shire, Capital 142,000 Cash 48,000 Equipment 54,000 ...

SHIRES INTERNET SERVICE BALANCE SHEET SEPTEMBER 30 201X A ...

Bob Shire is the accountant for Shires Internet Service. From the following information, his task is to

Question:

Bob Shire is the accountant for Shire’s Internet Service. From the following information, his task is to construct a as of September 30, 201X, in proper form. Can you help him?
Building ............ $ 55,000
Accounts Payable ....... 15,000
Shire, Capital .......... 142,000
Cash ............ 48,000
Equipment ........... 54,000

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...