Using the following data for Sentinel Travel Service as well as the statement of owner 's equity shown in Practice Exercise 1 5B, prepare a report from balance sheet as of August 31, 2019 Accounts payable $ 44,600 Accounts receivable 75,500 Cash 45,400 Land 310,000 Supplies 4,700 ...

SENTINEL TRAVEL SERVICE Balance Sheet August 31 2019 ...

Using the following data for Sentinel Travel Service as well as the statement of owner's equity shown

Question:

Using the following data for Sentinel Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5B, prepare a report from as of August
31, 2019:
Accounts payable .............. $ 44,600
Accounts receivable ............ 75,500
Cash .............................. 45,400
Land .............................. 310,000
Supplies ............................ 4,700
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...