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A-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow:
A-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Account Amount Fees earned $841,480 Office expense 193,540 Miscellaneous expense 16,830 Wages expense 403,910 Accounts payable 21,035 Accounts receivable 58,900 Cash 240,235 Common stock 135,000 Land 269,000 Supplies 10,100 Cash dividends of $32,000 were paid during the year. Retained earnings as of September 1, 20Y5, were $227,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity
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