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Balance Sheer Maxat Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2014,
Balance Sheer Maxat Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2014, the end of the fiscal year, the balances af selected accounts from the ledger of MaxFit Weight Loss Co. are as follows: Accounts Payable $7,300 Accounts Receivable 17,590 Accumulated Depreciation 21,970 Cash ? Equipment 63,510 Land 85,000 Prepaid Insurance 4,090 2,560 2,850 Prepaid Rent Salaries Payabia Supplies Uncamed Fees Vanessa Freeman, Capital 440 2,120 146,440 Prepare a classified balance sheet that includes the correct balance for Cash. MaxFit Weight Loss Co Balance Sheet November 30, 2014 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Less accumulated depreciation DO MO Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Unearned fees Total abilities Ownar's Equity Vanessa Freeman, Capital Total liabilities and owner's equity
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