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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 $1,150,000 Office expense 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Accounts payable 35,000 Accounts receivable 68,000 Cash 184,500 Land 880,000 Supplies 17,500 During the year, Kate Duffner invested an additional $15,000 in the business and $50,000 was withdrawn for personal use. Kate Duffner, Capital had a balance of $835,000 as of September 1, 20Y5. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity
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