Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash Common stock Land Supplies Cash dividends of $31,500 were paid during the year. Retained earnings as of June 1, 2017, were $224,000. Total assets Prepare the balance sheet as of May 31, 2018. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2018 Assets Liabilities $828,245 190,495 16,565 397,560 Stockholders' Equity $20,705 57,980 238,910 135,000 265,000 9,940 Total stockholders' equity Total liabilities and stockholders' equity 00

Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below. Cash dividends of $31,500 were paid during the year. Retained earnings as of June 1,2017 , were $224,000. Prepare the balance sheet as of May 31,2018 . When entering assets, enter them in order of liquidity