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Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Cash dividends of $33,900 were paid during the
Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Cash dividends of $33,900 were paid during the year. Retained earnings as of June 1,20Y5, were $241,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Cash dividends of $33,900 were paid during the year. Retained earnings as of June 1,20 Y5, were $241,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. May 31, 20Y6 Assets Accounts payable Cash Dividends Fees earned Miscellaneous expense Retained earnings Liabilities Stockholders' Equity Cash dividends of $33,900 were paid during the year. Retained earnings as of June 1,20 Y5, were $241,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity
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