From the following, prepare a balance sheet for Range Co.s Cleaners at the end of November 2013:

Question:

From the following, prepare a balance sheet for Range Co.’s Cleaners at the end of November 2013:

Cash, $50,000; Equipment, $7,000; Accounts Payable, $14,000; B. Range, Capital.

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...