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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, 207,

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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, 207, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: $10.990 26,490 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land 33,080 180,000 7 95,610 127,000 6,150 3,850 40,460 Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 4,290 660 3,190 Prepare a classified balance sheet that includes the correct balance for Cash Dynamic Weight Loss Co. Balance Sheet June 30, 2017 Assets 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: 8 Total property, plant, and equipment Total assets Liabilities Current liabilities: Check My Work Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Check My Work Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balonces were taken from the ledger of Summit Services: Fees Earned $279.000 Dividends 38,000 Rent Expense 58,300 Retained Earnings 620,000 Supplies Expense 14,300 Wages Expense 244,900 Miscellaneous Expense 6,800 Journalize the closing entries required to close the accounts. It an amount box does not require an entry, leave it blank. May 31 May 31 Il

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