SHEILA SHAW CONSULTING Balance Sheet August 31, 2011 Assets Liabilities Current assets: Current liabilities: Cash $ 21,300 Accounts payable $ 1,250 Accounts receivable 3,800 Salaries payable 150 Supplies 875 Unearned fees 1,150 Prepaid Rent 2,050 Total liabilities $ 2,550 Prepaid insurance 1,670 Total current assets $ 29,695 Property, plant, and equipment: Owner’s Equity Office equipment $ 21,250 Sheila Shaw, capital 47,720 Less accum
Words: 335 - Pages: 2
