b$3.$ Prepare a balance sheet as of August $31,20Y7.$ We$-$Sell Realty was organized as a corporation on August $1,20Y7,$ by the issuance of common stock of $$15,000.$ We$-$

Sell Realty is owned and operated by Omar Farah, the sole stockholder. The following statements for We$-$Sell Realty

were prepared after its first month of operations:

Expenses:

We$-$Sell Realty

Balance Sheet