Balance sheet Obj. 5 Using the following data for Ousel Travel Service as well as the statement of stockholders’ equity from Exercise 5, prepare a balance sheet as of November 30, 20Y8:

Accounts payable $ 62,500 Accounts receivable 186,000 Cash 308,000 Common stock 150,000 Land 480,000 Supplies 16,500 AppendixLO1