Business
Business, 06.06.2020 19:01, idontknow1993

Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Accounts payable 18,000 Accounts receivable 38,000 Cash 52,000 Common Stock 100,000 Land 450,000 Supplies 3,000 $10,000 of dividends were paid during the year. Retained earnings as of June 1, 20Y5, were $300,000 Prepare a balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 20Y6 Assets $ Total assets $ Liabilities $ Stockholders' Equity $ Total stockholders' equity Total liabilities and stockholders' equity $

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Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follo...

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