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The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $783,005 Office expense 180,090 Miscellaneous expense 15,660 Wages

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow:

Fees earned $783,005
Office expense 180,090
Miscellaneous expense 15,660
Wages expense 375,840
Accounts payable 19,575
Accounts receivable 54,810
Cash 231,985
Common stock 135,000
Land 251,000
Supplies 9,395

Cash dividends of $29,800 were paid during the year. Retained earnings as of June 1, 20Y5, were $211,000.

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, 20Y6
Assets

Accounts payableCashDividendsFees earnedMiscellaneous expenseRetained earnings

$- Select -

Accounts payableAccounts receivableCommon stockDividendsOffice expenseWages expense

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Accounts payableDividendsFees earnedRetained earningsSuppliesWages expense

- Select -

Accounts payableDividendsFees earnedLandOffice expenseRetained earnings

- Select -
Total assets $fill in the blank 9
Liabilities

Accounts payableAccounts receivableCashDividendsLandOffice expense

$- Select -
Stockholders' Equity

Accounts receivableCommon stockDividendsFees earnedLandWages expense

$- Select -

Accounts receivableDividendsFees earnedLandRetained earningsWages expense

- Select -
Total stockholders' equity fill in the blank 16
Total liabilities and stockholders' equity $fill in the blank 17

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