From the following, prepare a balance sheet for Rolland Co. Cleaners at the end of June 201X:

Question:

From the following, prepare a for Rolland Co. Cleaners at the end of June 201X: Cash, $52,000; Equipment, $36,000; Accounts Payable, $11,000; B. Rolland, Capital.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...