Using the following data for Sentinel Travel Service as well as the statement of owners equity shown

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Using the following data for Sentinel Travel Service as well as the statement of owner’s equity shown in Practice Exercise 1-5B, prepare a balance sheet as of August 31, 2016:

Accounts payable                          $ 44,600
Accounts receivable                         75,500
Cash                                                 45,400
Land                                               310,000
Supplies                                              4,700

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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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