Balance sheet OBJ. 5 Using the following data for Ousel Travel Service as well as the retained

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Balance sheet OBJ. 5 Using the following data for Ousel Travel Service as well as the retained earnings statement shown in Practice Exercise 1-5A, prepare a balance sheet as of November 30, 2016:

Accounts payable $ 62,500 Accounts receivable 186,000 Cash 308,000 Land 480,000 Supplies 16,500

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