1.

The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash Common stock Land $861,180 198,070 17,225 413,365 21,530 60,280 242,735 135,000 276,000 10,335 Supplies Cash dividends of $32,700 were paid during the year. Retained earnings as of September 1, 20Y5, were $233,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity.