Balance Sheet The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash Land Supplies Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $456,000. Prepare a balance sheet as of August 31, 20Y4. When entering assets, enter them in order of liquidity. Zenith Travel Service Balance Sheet August 31, 20Y4 Assets Total assets Liabilities Owner's Equity $899,600 353,800 14,400 539,800 53,500 90,600 54,500 372,000 5,600 Total liabilities and owner's equity $

Balance Sheet The account balances of Zenith Travel Service for the year ended August 31, 20Y4, are listed below. Fees earned Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash Land Supplies Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $456,000. Prepare a balance sheet as of August 31, 20Y4. When entering assets, enter them in order of liquidity. Zenith Travel Service Balance Sheet August 31, 20Y4 Assets Total assets Liabilities Owner's Equity $899,600 353,800 14,400 539,800 53,500 90,600 54,500 372,000 5,600 Total liabilities and owner's equity $

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Description: DoneBalance SheetThe account balances of Zenith Travel Service for the yearended August 31, 20Y4, are listed below.Fees earnedOffice expenseMiscellaneous expense<Wages expenseAccounts payableAccounts receivableCashLandA v2.cengagenow.comSuppliesMega

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 35E: Appendix 1 Adjusting entry for gross method The following data were extracted from the accounting...

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