Using the following data for Sunset Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a balance sheet as of April 30, 2014. Accounts payable ....................... $ 61,000 Accounts receivable .................... 124,000 Cash ...................................... 274,000 Land ..................................... 450,000 Supplies ................................... 13,000

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Using the following data for Sunset Travel Service as well as the statement of owner's equity shown in Practice Exercise 1-5A, prepare a balance sheet as of April 30, 2014.
Accounts payable ....................... $ 61,000
Accounts receivable .................... 124,000
Cash ...................................... 274,000
Land ..................................... 450,000
Supplies ................................... 13,000
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

25th edition

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

ISBN: 978-1133607601