Balance sheet A Balance sheet The balances of Paradise Travel Service's accounting equation items for the year ended May 31, 2018, are listed below. $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $300,000 Accounts Fees earned $900,000 300,000 15,000 Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable 450,000 18,000 38,000 Cash 52,000 Common stock 100,000 Balance sheet A Balance sheet The balances of Paradise Travel Service's accounting equation items for the year ended May 31, 2018, are listed below. $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $300,000 Accounts Fees earned $900,000 300,000 15,000 Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable 450,000 18,000 38,000 Cash 52,000 Common stock 100,000