Instructions
Accounts, Labels and Amount Descriptions
Balance sheet
12
13
Cash
Accounts receivable
Supplies
Land
Paradise Travel Service
Score: 57/95
Balance Sheet
May 31, 2018
Assets
Liabilities
Accounts payable
Stockholders' Equity
$\boxed{425,000.00}$
$\boxed{52,000.00}$
$\boxed{38,000.00}$
$\boxed{3,000.00}$
$\boxed{450,000.00}$
$\boxed{18,000.00}$
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Follow Example Exercise 1-6. Recall that the balance sheet is a formal presentation of the accounting equation. Total assets must equal total liabilities and stockholders' equity.
Points: 12.6/21
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