blem Set: Chapters 1 and 2 eBook Show Me How Calculator Print Item Prepare a balance sheet as of May 31, 2018. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Paradise Travel Service Score: 88/95 Balance Sheet May 31, 2018 1 Assets 2 Cash $52,000.00 3 Land 4 Supplies 5 Accounts receivable 450,000.00 3,000.00 38,000.00 $543,000.00 6 Total assets 7 Liabilities 8 Accounts payable $18,000.00 9 Stockholders' Equity 10 Common stock $100,000.00 11 Retained earnings 12 Total stockholders' equity Tatto CANA Balance sheet Instructions Accounts, Labels and Amount Descriptions 0 = Instructions The balances of Paradise Travel Service's accounting equation items for the year ended May 31, 2018, are listed below. $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2017. were $300,000 Accounts Fees earned $900,000 Office expense Miscellaneous expense Wages expense Accounts payable 300,000 15,000 450,000 18,000 38.000 Accounts receivable Cash Common stock Land 52,000 100,000 450,000 3,000 Supples 1-4 Problem Set: Chapters 1 and 2 eBook Show Me How Calculator Print Item Balance sheet Instructions Accounts, Labels and Amount Descriptions 1 Instructions Fees earned Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash $900,000 300,000 15,000 450,000 18,000 38,000 52,000 100,000 450,000 3,000 Common stock Land Supples Prepare a balance sheet as of May 31, 2018. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading