Business, 18.04.2021 01:40 kaykayhodge

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $975,760
Office expense 224,425
Miscellaneous expense 19,515
Wages expense 468,365
Accounts payable 24,395
Accounts receivable 68,300
Cash 256,740
Common stock 135,000
Land 312,000
Supplies 11,710
Cash dividends of $37,100 were paid during the year. Retained earnings as of June 1, 20Y5, were $263,000.
Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.

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The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earne...

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