Refer to the financial information in E1-14 for the Atlantic Cruise Co. at May 31, 2014.
Information in E1-14

Instructions
Prepare the balance sheet.

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Accounts payable Accounts receivable Advertising expense 8 Interest expense Investments by owner Maintenance expense 19,400 Notes payable 120,000 Prepaid insurance Food, fuel, and other expenses I. Temelkova, capital, June 1, 2013 I. Temelkova, drawings Insurance expense Salaries expense 5 Ticket revenue