Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $752,080 Office expense 172,980 Miscellaneous expense 15,040 Wages expense 361,000 Accounts payable 18,800 Accounts receivable 52,650 Cash 228,585 Common stock 135,000 Land 241,000 Supplies 9,025 Cash dividends of $28,600 were paid during the year. Retained earnings as of June 1, 20Y5, were $203,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 20Y6 Assets 228,585 Cash Accounts receivable 52,650 Previous Next Calculator Juppuca Cash dividends of $28,600 were paid during the year. Retained earnings as of June 1, 20Y5, were $203,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 20Y6 Assets Cash 228,585 Accounts receivable 52,650 Supplies 9,025 Land 241,000 Total assets 531,260 Liabilities Accounts payable 18,800 Stockholders' Equlty Common stock 135,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity