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Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $964,245 221,775 Office expense Miscellaneous expense
Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $964,245 221,775 Office expense Miscellaneous expense 19,285 Wages expense Accounts payable 462,840 24,105 Accounts receivable 67,500 Cash 254,780 Common stock 135,000 Land 309,000 Supplies 11,570 Cash dividends of $36,600 were paid during the year. Retained earnings as of June 1, 2045, were $260,000. Prepare the balance sheet as of May 31, 2016. When entering assets, enter them in order of liquidity
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