Question
eBook Balance Sheet Show Me How The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $960,805
eBook Balance Sheet Show Me How The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $960,805 Office expense 220,985 Miscellaneous expense 19,215 Wages expense 461,185 Accounts payable 24,020 Accounts receivable 67,260 Cash 255,150 Common stock 135,000 Land 307,000 Supplies 11,530 Cash dividends of $36,500 were paid during the year. Retained earnings as of June 1, 20Y5, were $259,000. 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, 2016 Assets Total assets
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