Posted by **lizzy** on Thursday, September 22, 2011 at 12:04pm.

jim smith had trouble finding a job, so he decided to start his own sole proprietorship by the name of designers, inc. jim is a web site designer and here are the results as of the end of the first year of his business.br accounts payable =$12,100br cash=$19,150br service revenue=$20,000br contributed capital=$21,000br wages expense=$4,100br inventory=$4,445br rent expense=$5,000br equipment=$16,325br supplies expense=$4,080br retained earnings=$6,820br br prepare a balance sheet in its proper format with the heading left aligned.

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