Using the following data for Sentinel Travel Service as well

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 report from balance sheet as of August
31, 2019:
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...