MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have
Question:
MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows:
Accounts Payable ............................. $ 44,800
Prepaid Insurance .............................. $ 8,500
Accounts Receivable ......................... 138,600
Prepaid Rent ........................................ 24,900
Accumulated Depreciation .............. 221,300
Salaries Payable .................................. 10,700
Cash ............................................................... ?
Equipment ......................................... 563,000
Supplies .................................................. 5,700
Land .................................................... 356,200
Unearned Fees .................................... 21,040
Vaneesa Freeman, Capital ............... 843,400
Prepare a classified balance sheet that includes the correct balance for Cash.
Step by Step Answer:
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider