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Balance Sheet The account balances of Zenith Travel Service for the year ended August 31, 2014, are listed below. Fees earned $930,270 Office expense 213,960
Balance Sheet The account balances of Zenith Travel Service for the year ended August 31, 2014, are listed below. Fees earned $930,270 Office expense 213,960 Miscellaneous expense 18,605 Wages expense 446,530 Accounts receivable 65,120 23,255 171,545 Accounts payable Cash Land Supplies 298,000 11,165 Megan Cox, the owner, invested an additional $55,800 in the business during the year and withdrew cash of $35,400 for personal use. Megan Cox, capital as of September 1, 2013, was $251,000. Prepare a report form balance sheet as of August 31, 2014. When entering assets, enter them in order of liquidity. Zenith Travel Service Balance Sheet August 31, 2014 Assets Total assets Liabilities Owner's Equity Total liabilities and owner's equity 100 0
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