Question: Using the following data for Ousel Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a balance sheet

Using the following data for Ousel Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a as of November 30, 2016:
Accounts payable.............................. $ 62,500
Accounts receivable........................... 186,000
Cash............................................. 308,000
Land............................................. 480,000
Supplies.......................................... 16,500

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