Using the following data for Dynasty Travel Service as well as the statement of owner’s equity shown

 
   

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Using the following data for Dynasty Travel Service as well as the statement of owner’s equity shown in Practice Exercise 1-5A, prepare a balance sheet as of June 30, 2012.Accounts receivable …….. $ 64,000Accounts payable ……… 24,000Cash ………….. 156,000Land …………. 300,000Supplies ……….. 12,000View Solution:
Using the following data for Dynasty Travel Service as well