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Instructions Labels and Amounts Descriptions Balance Sheet Instructions Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts payable $36.000 Accounts receivable 116,250 Accumulated depreciation equipment 184,200 Cash ? Common stock 75,000 Equipment 475,350 Land Prepaid insurance 300,000 6,200 Prepaid rent 20,000 635,600 Retained earnings Salaries payable Supplies 8,100 4,900 Unearned fees 18,000 Check My Work Labels and Amounts Descriptions to individuals. After all the accounts have been closed on June 30, 2018, the end of t ad Labels Current assets Current liabilities Expenses For the Year Ended June 30, 2018 June 30, 2018 Property, plant, and equipment W Revenues Amounts Descriptions Book value-equipment Decrease in retained earnings Increase in retained earnings Less dividends Net income Net loss Plus dividends Check My Work Labels and Amounts Descriptions DY UVUNWWLWMWWWW w to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the balances of selecte Decrease in retained earnings ac Increase in retained earnings Less dividends Net income Net loss Plus dividends Retained earnings December 1, 2015 Retained earnings, June 30, 2018 Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Instructions Labels and Amounts Descriptions Balance Sheet Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Be sure to complete the statement heading. Refer to the instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons () or the word "Less" on the balance sheet; they will automatically insert where necessary. Dynamic Weight Loss Co. Balance Sheet (Label) 1 Assets 2 (Label 3 5 6 7 Previous Next Check My Work Instructions Labels and Amounts Descriptions Balance Sheet 13 14 15 16 Liabilities 17 (Label 18 19 20 21 22 Stockholders' Equity 23 24 25 26