The statement below is likely from which of the following business $($type of business and form of organisation$)$:

Balance Sheet As of $30$th June $2021$

Assets

Cash

$$50,000$

Accounts Receivables

$90,000$

Land

$270,000$

Buildings $($net$)$

$220,700$

Total assets

$$630,700$

Liabilities

Accounts payable

$280,000$

Net Assets

$$350,700$

Shareholders' Equity

Share capital

$$225,000$

Retained earnings

$125,700$

Total stockholders' equity

$$350,700$

Question $2$Answer

a$.$

a merchandising partnership

b$.$

a merchandising company

c$.$

a merchandising sole$-$proprietorship

d$.$

a service sole$-$proprietorship

e$.$

a service company