Question
The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned $857,785 Office expense 197,290 Miscellaneous expense
The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned $857,785 Office expense 197,290 Miscellaneous expense 17,155 Wages expense 411,735 Accounts receivable 60,040 Accounts payable 21,445 Cash 159,615 Land 274,000 Supplies 10,295 Megan Cox, the owner, invested an additional $51,500 in the business during the year and withdrew cash of $32,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $232,000. Prepare a report form balance sheet as of August 31, 20Y4. When entering assets, enter them in order of liquidity. Zenith Travel Service Balance Sheet August 31, 20Y4
Megan Cox, the owner, invested an additional $51,500 in the business during the year and withdrew cash of $32,600 fo September 1,20Y3, was $232,000. Prepare a report form balance sheet as of August 31,20Y4. When entering assets, enter them in order of liquidityStep by Step Solution
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