Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals.
After all the accounts have been closed on November 30, 2019, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:
Accounts Payable .......................................... $ 37,700
Accounts Receivable ...................................... 116,750
Accumulated Depreciation-Equipment ............... 186,400
Cash ........................................................... ?
Equipment .................................................. 474,150
Land ...................................................... 300,000
Prepaid Insurance ......................................... $ 7,200
Prepaid Rent ............................................... 21,000
Salaries Payable .......................................... 9,000
Cheryl Viers, Capital ..................................... 710,300
Supplies ..................................................... 4,800
Unearned Fees ............................................... 18,000
Prepare a classified balance sheet that includes the correct balance for Cash.