The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed...

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The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned Office expense Miscellaneous expense Wages expense Accounts receivable Accounts payable Cash Land $860,340 197,880 17,205 412,965 60,220 21,510 159,155 275,000 10,325 I Supplies Megan Cox, the owner, invested an additional $51,600 in the business during the year and withdrew cash of $32,700 for personal use. Megan Cox, capital as of September 1, 20Y3, was $232,000. Prepare a report form balance sheet as of August 31, 20Y4. When entering assets, enter them in order of liquidity. The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned Office expense Miscellaneous expense Wages expense Accounts receivable Accounts payable Cash Land $860,340 197,880 17,205 412,965 60,220 21,510 159,155 275,000 10,325 I Supplies Megan Cox, the owner, invested an additional $51,600 in the business during the year and withdrew cash of $32,700 for personal use. Megan Cox, capital as of September 1, 20Y3, was $232,000. Prepare a report form balance sheet as of August 31, 20Y4. When entering assets, enter them in order of liquidity.

Answer rating: 100% (QA)

BALANCE SHEET OF ZENITH TRAVEL SERVICES AS OF AUGUST 31 20Y4 ASSETS Current Assets C... View the full answer