Using the data for Escape Travel Service shown in Practice Exercises 1 3 and 1 4, prepare the balance sheet as at December 31, 2015 In exercise Accounts payable 52,500 Accounts receivable 94 375 Cash Fees earned Land 56 750 942,500 362,500 Miscellaneous expense Office expense Supplies Wages expense...

ESCAPE TRAVEL SERVICE Balance Sheet December 31 2015 Asset ...

Using the data for Escape Travel Service shown in Practice Exercises 1-3 and 1-4, prepare the balance

Question:

Using the data for Escape Travel Service shown in Practice Exercises 1-3 and 1-4, prepare the as at December 31, 2015.
In exercise

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...