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Balance sheet The account balances of A-One Travel Service for the year ended August 31, 2016, follow: Fees earned Office expense $802,690 184,620 Miscellaneous expense

Balance sheet The account balances of A-One Travel Service for the year ended August 31, 2016, follow: Fees earned Office expense $802,690 184,620 Miscellaneous expense 16,055 Wages expense 385,290 Accounts payable 20,065 Accounts receivable 56,190 Cash 235,470 Common stock 135,000 Land 257,000 Supplies 9,630 Cash dividends of $30,500 were paid during the year. Retained earnings as of September 1, 2015, were $217,000. Prepare a balance sheet as of August 31, 2016. When entering assets, enter them in order of liquidity. A-One Travel Service. Balance Sheet August 31, 2016 Line Item Description Amount Amount Assets 000 Land Supplies 257,000 9,630 Cash dividends of $30,500 were paid during the year. Retained earnings as of September 1, 2015, were $217,000. Prepare a balance sheet as of August 31, 2016. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 2016 Total assets Line Item Description Amount Amount Assets Liabilities: Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 00 100 000000

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