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 ...

ADVENTURE TRAVEL SERVICE Balance Sheet April 30 2019 As ...

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

Question:

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 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...