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 as of November 30, 2016: Accounts payable.............................. $ 62,500 Accounts receivable........................... 186,000 Cash............................................. 308,000 Land............................................. 480,000 Supplies.......................................... 16,500

This problem has been solved!


Do you need an answer to a question different from the above? Ask your 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 as of November 30, 2016:
Accounts payable.............................. $ 62,500
Accounts receivable........................... 186,000
Cash............................................. 308,000
Land............................................. 480,000
Supplies.......................................... 16,500
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...
Related Book For answer-question

Accounting

26th edition

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

ISBN: 978-1285743615