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! Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise North

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! Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise North End Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash $ 1,470 420 3,700 Common Stock 12,800 Equipment 3,350 Income Tax Expense 420 Interest Expense 170 Notes Payable (long-term) 1,500 Prepaid Rent 1,700 Retained Earnings 3,800 Service Revenue 11,300 Short-Term Investments 7,500 Software 2,900

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