Business, 25.02.2021 19:30 minnahelhoor

The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $900,000
Office expense 300,000
Miscellaneous expense 15,000
Wages expense 450,000
Accounts payable 18,000
Accounts receivable 38,000
Cash 52,000
Common Stock 100,000
Land 450,000
Supplies 3,000
$10,000 of dividends were paid during the year. Retained earnings as of June 1, 20Y5, were $300,000. Prepare a 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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