Using the following data for Adventure Travel Service as well

Using the following data for Adventure Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a report from balance sheet as of April 30, 2019:
Accounts payable ............... $105,000
Accounts receivable ............. 485,000
Cash ............................... 197,000
Land ............................... 900,000
Supplies ........................... 18,000
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...