The balances of Paradise Travel Services accounting equation items for the year ended May 31,...
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The balances of Paradise Travel Services accounting equation items for the year ended May 31, 20Y6, are listed below. $15,800 of dividends were paid during the year. Retained earnings as of June 1, 20Y5, was $350,000. Accounts Fees earned $747,500 Office expense 295,300 Miscellaneous expense 10,500 Wages expense 450,300 Accounts payable 43,200 Accounts receivable 74,600 Cash 45,400 Common stock 75,800 Land 312,000 Supplies 12,600 Prepare a balance sheet as of May 31, 20Y6. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
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