Refer to the financial information in E1-15 for Atlantic Cruise Co. at May 31, 2017.

Instructions
Prepare the balance sheet.

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Accounts payable Accounts receivable Advertising expense Building Cash Equipment I. Temelkova, capital, June 1, 2016 I. Temelkova, drawings Insurance expense $ 47,750 2,950 3,640 122,570 20,080 553,300 311,182 33,950 Interest expense Investments by owner Maintenance expense Notes payable Other expenses Prepaid insurance Salaries expense Supplies Ticket revenue $ 20,960 5,847 82,870 379,000 66,500 1,283 126,950 16,800 350,640 4