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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 $750,635 Office expense 172,645 Miscellaneous expense 15,015 Wages expense 360,305 Accounts payable 18,765 Accounts receivable 52,540 Cash 229,385 Common stock 135,000 Land 240,000 Supplies 9,010 Cash dividends of $28,500 were paid during the year. Retained earnings as of September 1, 20Y5, were $203,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity
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