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The balances of Ousel Travel Services accounting equation items for the year ended November 30, 2016, are listed below. Shane Ousel, the owner, invested an

The balances of Ousel Travel Services accounting equation items for the year ended November 30, 2016, are listed below. Shane Ousel, the owner, invested an additional $50,000 in the business during the year and withdrew cash of $30,000 for personal use. Shane Ousel, capital as of December 1, 2015, was $666,000.

Accounts

Fees earned $1,475,000
Office expense 320,000
Miscellaneous expense 28,000
Wages expense 885,000
Accounts payable 62,500
Accounts receivable 186,000
Cash 308,000
Supplies 16,500
Land 480,000

Prepare a balance sheet as of November 30, 2016. 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.image text in transcribed

else Week 1, Ch. 1 GHA R Show Me Howco 1PF 1-1 A Instructions Labels and Amount Descriptions Balance Sheet H.1-1 ALGO The ttades tr Oupel Trare Serice's sccountry equ?on trma tcr the ended November 30, 2016 are lsted below sane Labcla 5. PE.1-3A G PC.14.A T. PE.1 4Ago 51,450 Total xarsas B35.000 62.500 126002 Accaunt: pya ccaunis rcchzbl 11 FF 1-H Ay Suppe 12. PE.1-7.A 14. PE. 1-8.A 15. EX1-1 17. EX13 18 EX 1-4 Scuru: OTS 9 LX14.ALGO Progress: 10135 Items Assqnment Score: 25.71% for Grading O lype hene to search

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