Using the following data for Sunset Travel Service as well as the statement of owner 's equity shown in Practice Exercise 1 5A, prepare a balance sheet as of April 30, 2014 Accounts payable $ 61,000 Accounts receivable 124,000 Cash 274,000 Land 450,000 Supplies 13,000 ...

SUNSET TRAVEL SERVICE Balance Sheet April 30 2014 As ...

Using the following data for Sunset Travel Service as well as the statement of owner's equity shown

Question:

Using the following data for Sunset Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a as of April 30, 2014.
Accounts payable ....................... $ 61,000
Accounts receivable .................... 124,000
Cash ...................................... 274,000
Land ..................................... 450,000
Supplies ................................... 13,000
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...