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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 Office expense $899,000
Balance Sheet The account balances of Zenith Travel Service for the year ended August 31, 2014, are listed below. Fees earned Office expense $899,000 353,800 Miscellaneous expense 14,400 Wages expense 539,800 Accounts payable 53,500 Accounts receivable 90,000 Cash $4,500 372,000 Land Supplies 5,600 Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 2013, was $456,000. Prepare a 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 000 Total assets Zenith Travel Service Balance Sheet August 31, 2014 Assets Liabilities Owner's Equity Total liabilities and owner's equity 100 0 100000
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