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Show Me How Balance sheet A-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the
Show Me How Balance sheet A-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense $750,780 172,680 Miscellaneous expense 15,015 Wages expense 360,375 Accounts payable 18,770 Accounts receivable 52,550 Cash 229,420 Common stock 135,000 240,000 9,010 Land Supplies Cash dividends of $28,500 were paid during the year. Retained earnings as of September 1, 20Y5, were $203,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Assets Q Search PRE hp 8:41 H mybp 10/10/ ty LastPass password... Supplies 9,010 Cash dividends of $28,500 were paid during the year. Retained earnings as of September 1, 20Y5, were $203,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Assets Accounts payable Cash Common stock Fees earned Retained earnings Total assets Liabilities Owner's Equity Total liabilities and owner's equity $ Check My Work 3 more Check My Work uses remaining." All work savod < Previous Nex Submit Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $876,000 and liabilities of $210,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 20Y2. b. Owner's equity as of December 31, 2013, assuming that assets decreased by $166,000 and liabilities decreased by $50,000 during 20Y3.
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