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The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned Office expense $750,000 295,000 Miscellaneous
The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below. Fees earned Office expense $750,000 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Accounts payable 44,600 Accounts receivable 75,500 45,400 310,000 4,700 Cash Land Supplies Barb Schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $380,000. Prepare a balance sheet as of August 31, 2019. When entering assets, enter them in order of inuidity
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