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The balances of Adventure Travel Service's accounting equation items for the year ended April 30, 2019, are listed below. Jerome Foley, the owner, invested an
The balances of Adventure Travel Service's accounting equation items for the year ended April 30, 2019, are listed below. Jerome Foley, the owner, invested an additional $56,000 in the business during the year and withdrew cash of $29,000 for personal use. Jerome Foley, capital as of May 1, 2018, was $679,000. Accounts Fees earned $1,429,000 302,000 Office expense Miscellaneous expense 27,000 Wages expense 875,000 65,000 Accounts payable Accounts receivable Cash 183,000 312,000 Land 483,500 Supplies 17,500 Prepare a balance sheet as of April 30, 2019. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. When entering assets, enter them in order of liquidity
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