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Anything that can be found in the balance sheet I have already filled in. I just need the calculations, please. Balance Sheet MaxFit Weight Loss
Anything that can be found in the balance sheet I have already filled in. I just need the calculations, please.
Balance Sheet
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 |
Accounts Receivable | 138,600 |
Accumulated Depreciation | 221,300 |
Cash | ? |
Equipment | 563,000 |
Land | 356,200 |
Prepaid Insurance | 8,500 |
Prepaid Rent | 24,900 |
Salaries Payable | 10,700 |
Supplies | 5,700 |
Unearned Fees | 21,400 |
Vanessa Freeman, Capital | 843,400 |
Prepare a classified balance sheet that includes the correct balance for Cash.
Maxfit Weight Loss Co. | |||
Balance Sheet | |||
November 30, 20Y4 | |||
Assets | |||
Current assets: | |||
Cash | $fill in the blank 2 | ||
Accounts receivable | fill in the blank 4 | ||
Supplies | fill in the blank 6 | ||
Prepaid insurance | fill in the blank 8 | ||
Prepaid rent | fill in the blank 10 | ||
Total current assets | $fill in the blank 11 | ||
Property, plant, and equipment: | |||
Land | $fill in the blank 13 | ||
Equipment | $fill in the blank 15 | ||
Less accumulated depreciation | fill in the blank 17 | fill in the blank 18 | |
Total property, plant, and equipment | fill in the blank 19 | ||
Total assets | $fill in the blank 20 | ||
Liabilities | |||
Current liabilities: | |||
Accounts payable | $fill in the blank 22 | ||
Salaries payable | fill in the blank 24 | ||
Unearned fees | fill in the blank 26 | ||
Total liabilities | $fill in the blank 27 | ||
Owner's Equity | |||
Vanessa Freeman, Capital | fill in the blank 29 | ||
Total liabilities and owner's equity | $fill in the blank 30 |
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