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The account balances of Dynasty Travel Service for the year ended November 30, 2016, are listed below. Accounts receivable $66,870 Accounts payable 23,880 Cash 176,475
The account balances of Dynasty Travel Service for the year ended November 30, 2016, are listed below.
Accounts receivable | $66,870 |
Accounts payable | 23,880 |
Cash | 176,475 |
Land | 306,000 |
Supplies | 11,465 |
Fees earned | $955,285 |
Office expense | 219,715 |
Miscellaneous expense | 19,105 |
Wages expense | 458,535 |
Nancy Coleman, the owner, invested an additional $57,300 in the business during the year and withdrew cash of $36,300 for personal use. Nancy Coleman, capital as of September 1, 2015 was $258,000.
Prepare the balance sheet as of November 30, 2016. When entering assets, enter them in order of liquidity.
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