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Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017,
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $9,060 Accounts Receivable 21,830 Accumulated Depreciation - Equipment 27,270 Common Stock 180,000 Cash ? Equipment 78,820 Land 105,000 Prepaid Insurance 5,070 Prepaid Rent 3,170 Retained Earnings 1,740 Salaries Payable 3,530 Supplies 540 Unearned Fees 2,630 Prepare a classified balance sheet that includes the correct balance for Cash. Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2017 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets $ Liabilities Current liabilities: 001 Total liabilities O Stockholders' Equity I Total stockholders' equity Total liabilities and stockholders' equity Dynamic Weight Loss Co. Balance Sheet June 30, 2017 Assets Current assets: $ Accounts payable Cash Common stock Equipment $ Unearned feests Property, plant, and equipment: $ $ 9 Total property, plant, and equipment Total assets $ $ Accounts receivable pment Accumulated depreciation - equipment $ Book value - equipment abilities Prepaid rent Supplies Total liabilities Stockholders' Equity $ Total stockholders' equity DJ Total liabilities and stockholders' equity $ Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Accounts receivable TO Cash Common stock Stockholders' Equity Supplies Total stockholders' equity Total liabilities and stockholders' equity $ Liabilities Current liabilities: Accumulated depreciation - equipment $ Common stock Equipment Prepaid insurance O Unearned fees biders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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