Balance sheet The account balances of A-One Travel Service for the year ended August 31, 20Y6,...

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Balance sheet The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $1,150,000 Office expense 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Accounts payable 35,000 Accounts receivable 68,000 Cash 184,500 Common stock 75,000 880,000 17,500 Land Supplies Cash dividends of $50,000 were paid during the year. Retained earnings as of September 1, 20Y5, were $775,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Amount Assets Balance sheet The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $1,150,000 Office expense 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Accounts payable 35,000 Accounts receivable 68,000 Cash 184,500 Common stock 75,000 880,000 17,500 Land Supplies Cash dividends of $50,000 were paid during the year. Retained earnings as of September 1, 20Y5, were $775,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Amount Assets