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The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed...

The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below.

Fees earned $816,295
Office expense 187,750
Miscellaneous expense 16,325
Wages expense 391,820
Accounts receivable 57,140
Accounts payable 20,405
Cash 150,870
Land 261,000
Supplies 9,795

Barb Schroeder, the owner, invested an additional $49,000 in the business during the year and withdrew cash of $31,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $220,000.

Prepare a report form balance sheet as of August 31, 2019. When entering assets, enter them in order of liquidity.

Sentinel Travel Service
Balance Sheet
August 31, 2019
Assets
$
Total assets $
Liabilities
$
Owner's Equity
Total liabilities and owner's equity $

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ekkarill92 answered 2 years ago
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