Using the following data for Sentinel Travel Service as well as the statement of owner 's equity shown in Practice Exercise 1 5B, prepare a balance sheet as of August 31, 2016 Accounts payable $ 44,600 Accounts receivable 75,500 Cash 45,400 Land 310,000 Supplies 4,700 ...

SENTINEL TRAVEL SERVICE Balance Sheet August312016 A ...

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

Question:

Using the following data for Sentinel Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5B, prepare a as of August 31, 2016:
Accounts payable...............................$ 44,600
Accounts receivable..............................75,500
Cash................................................45,400
Land..............................................310,000
Supplies.............................................4,700
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...