Accounting equation items for the year ended

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Reference no: EM13913051

The balances of Sentinel Travel Service’s accounting equation items for the year ended August 31, 2016, are listed below. Barb Schroeder invested an additional $36,000 in the business in exchange for common stock, and $18,000 of dividends were paid during the year. Retained earnings as of September 1, 2015, were $300,000. Accounts Fees earned $750,000 Office expense 295,000 Miscellaneous expense 12,000 Wages expense 450,000 Accounts payable 44,600 Accounts receivable 75,500 Cash 45,400 Land 310,000 Supplies 4,700 Prepare a balance sheet as of August 31, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Reference no: EM13913051

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Accounting equation items for the year ended : The balances of Sentinel Travel Service’s accounting equation items for the year ended August 31, 2016, are listed below. Barb Schroeder invested an additional $36,000 in the business in exchange for common stock, and $18,000 of dividends were paid d..

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