Refer to the data in the preceding exercise. Prepare the balance sheet of Ricoh Copy Center, Inc., at July 31, 20X9.

Transcribed Image Text:

Payments of cash: $ 0 Cash balance, July 31, 20X98,100 Cash balance, June 30,20x9 Acquisition of equipment$36,000 Dividends June 30, 20x9 July 31, 20X9 djustments to reconcile 2,000 Cash receipts: Issuance (sale) of stock Retained earnings, Retained earnings, Utilities expense 0 to ownerS 35,000 700 Common stock..35,000 36,000 Office supplies. 1,200 . 3,200 14,000 Rent expense 200 Equipment net income to cash provided by operations Accounts paable Service revenue... 2,000 4,000 Salary expense.