Balance sheet

A$-$One Travel Service is owned and operated by Kate Duffner. The account balances of A$-$One Travel Service for the year ended

August $31,20$Y$6,$ follow:

Fees earned

$$1,150,000$

Office expense

$150,000$

Miscellaneous expense

$45,000$

Wages expense

Accounts payable

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During the year, Kate Duffner invested an additional $$15,000$ in the business and $$50,000$ was withdrawn for personal use.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 $1,20vv5.$

Prepare a balance sheet as of August $31,20$Y$6.$ When entering assets, enter thern in order of liquidity.