Question
Fill in the Blank Options; 1. Accounts Payable/ Cash/ Dividends/ Fees earned/ Miscellaneous expense/ Retained earnings 2. Accounts Payable/ Accounts Receivable/ Common Stock/ Office Expense/
Fill in the Blank Options;
1. Accounts Payable/ Cash/ Dividends/ Fees earned/ Miscellaneous expense/ Retained earnings
2. Accounts Payable/ Accounts Receivable/ Common Stock/ Office Expense/ Wage expense
3. Accounts Payable/ Dividends/ Fees Earned/ Retained earnings/ supplies/ wage expense
4. Accounts Payable/ Dividends/ Fees Earned/ Land/ Office Expense/ Retained earnings
5. Accounts payable/ accounts receivable/ cash/ dividends/ land/ office expense
6. Accounts receivable/ common stock/ dividends/ fees earned/ land/ wage expense
7. accounts receivable/ dividends/ fees earned/ land/ retained earnings/ wage expense
Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $769,685 177,030 Office expense Miscellaneous expense 15,395 Wages expense 369,450 Accounts payable $19,240 Accounts receivable 53,880 Cash 231,735 Common stock 135,000 Land 246,000 Supplies 9,235 Cash dividends of $29,200 were paid during the year. Retained earnings as of June 1, 2017, were $208,000. Prepare the balance sheet as of May 31, 2018. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2018 Assets m Total assets LOO 00 Liabilities Stockholders' Equity 10 Total stockholders' equity Total liabilities and stockholders' equityStep by Step Solution
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