Cash dividends of $$50,000$ were paid during the year. Retained earnings as of September $1,20$Y$5,$ were $$775,000.$

Prepare a balance sheet as of August $31,20$Y$6.$ When entering assets, enter them in order of liquidity.

A$-$One Travel Service

Balance Sheet

August $31,20Y6$

Liabilities

Accounts payable

Stockholders' Equity

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity