Balance sheet Obj. 2 Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals.

After all the accounts have been closed on June 30, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:

Accounts Payable $ 51,200 Prepaid Insurance $ 8,400 Accounts Receivable 187,500 Prepaid Rent 6,000 Accumulated Depreciation—Equipment 186,000 Retained Earnings 620,300 Cash ? Salaries Payable 7,500 Common Stock 100,000 Supplies 11,200 Equipment 325,900 Unearned Fees 21,000 Land 375,000 Prepare a classified balance sheet that includes the correct balance for Cash.

AppendixLO1