Balance sheet
Using the following data for Sentinel Travel Service as well as the retained earnings statement, prepare a balance sheet as of August 31, 2014.
|
Accounts payable
|
$ 44,600
|
|
Accounts receivable
|
75,500
|
|
Capital stock
|
116,000
|
|
Cash
|
45,400
|
|
Land
|
310,000
|
|
Supplies
|
4,700
|