assume the island coffee roasters corp. ended the month of August 2015. With these data. prepare the balance sheet of island coffee roasters corp for August 31, 2015. First prepare the balance sheet header then complete the assets section of the statement and finally complete the liabilities and stockholders equity section of the statement

payment of cash

Acquisition of equipment $205.000 Cash balance , August 01, 2015 $ 0 Rent exp. $ 1,800

account Payable $ 8,800 Service revenue $ 272,600

Dividends $ 2400 Cash balance August 31, 2015 5,500 common stock 24,400

Retaining earnings Cash receipts equipment 205,000

August 1, 2015 0 issuance (sale) of stock to owners 24,400 office supplies 7,400