Present below are the balance sheet of the assets and liabilities of High and Dry Delivery service as of Sept. 30, 19x2. Also included are the revenue and expense figure of the business for September. 

Delivery exp………………. 4100 

Account Receivable… …1900 

Account Payable………….1750

 High and Dry Capital……? 

Salary Expense …………….2000 

Delivery Equipment………15500 

Supplies…………………………600 

Note Payable…………………..6000 

Rent Expense…………………..500 

Cash…................................750 

Required 

1. What type of business organization is high and dry delivery service? How can you tell? 

2. Prepared the balance sheet of high and dry delivery service as of September 10, 19x2