Question: Using the following data for Escape Travel Service as well as the statement of owners equity shown in Practice Exercise 1-5B, prepare a balance sheet

Using the following data for Escape Travel Service as well as the statement of owner’s equity shown in Practice Exercise 1-5B, prepare a as of November 30, 2012.
Accounts receivable ......... $ 94,375
Accounts payable .......... 52,500
Cash ............... 56,750
Land ............... 362,500
Supplies ............. 6,375

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