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The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below Fees earned Office expense Miscellaneous expense Wages expense
The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below Fees earned Office expense Miscellaneous expense Wages expense $975,370 224,335 19,505 468,180 Accounts payable Accounts receivable Cash Common stock Land Supplies $24,385 68,280 256,650 135,000 312,000 11,705 Cash dividends of $37,100 were paid during the year. Retained earnings as of June 1, 2017, were $263,000 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 Total assets Stockholders' Equity. Total stockholders' equity Total liabilities and stockholders' equity Determine the missing amount for each of the following Assets LiabilitiesStockholders' Equity $243,340 + $760,430 $121,670 -$ $38,020 C. $58,550 $8,360 +
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