Business

Kennedy Schroeder

30 December, 13:30

The balances of Adventure Travel Service's accounting equation items for the year ended April 30, 2019, are listed below. Jerome Foley, the owner, invested an additional $36,400 in the business during the year and withdrew cash of $14,000 for personal use. Jerome Foley, capital as of May 1, 2018, was $380,000. Accounts Fees earned $748,500 Office expense 295,500 Miscellaneous expense 10,500 Wages expense 450,800 Accounts payable 43,200 Accounts receivable 75,000 Cash 46,000 Land 311,400 Supplies 4,900 Prepare a balance sheet as of April 30, 2019. 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. When entering assets, enter them in order of liquidity.