Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July follow:

Assets				=Liabilities	+ Stockholders Equity
		Accounts		Accounts	Common		Fees	Salaries	Rent	Auto	Supplies	Misc.
	Cash	+ Receivable	+ Supplies	= Payable	+ Stock	- Dividends	+ Earned	- Expense	- Expense	- Expense	- Expense	- Expense
a.	+50,000				+50,000
b.			+7,000	+7,000
Bal.	50,000		7,000	7,000	50,000
c.	-3,600			-3,600
Bal.	46,400		7,000	3,400	50,000
d.	+110,000						+110,000
Bal.	156,400		7,000	3,400	50,000		110,000
e.	-33,000								-33,000
Bal.	123,400		7,000	3,400	50,000		110,000		-33,000
f.	-20,800									-16,000		-4,800
Bal.	102,600		7,000	3,400	50,000		110,000		-33,000	-16,000		-4,800
g.	-55,000							-55,000
Bal.	47,600		7,000	3,400	50,000		110,000	-55,000	-33,000	-16,000		-4,800
h.			-4,500								-4,500
Bal.	47,600		2,500	3,400	50,000		110,000	-55,000	-33,000	-16,000	-4,500	-4,800
i.		+34,500					+34,500
Bal.	47,600	34,500	2,500	3,400	50,000		144,500	-55,000	-33,000	-16,000	-4,500	-4,800
j.	-15,000					-15,000
Bal.	32,600	34,500	2,500	3,400	50,000	-15,000	144,500	-55,000	-33,000	-16,000	-4,500	-4,800

Prepare a balance sheet as of July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.