# accounting 1

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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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