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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 $9,410 Accounts Receivable 22,680 Accumulated Depreciation - Equipment 28,320 Common Stock 180,000 Cash ? Equipment 81,870 Land 109,000 Prepaid Insurance 5,270 Prepaid Rent 3,290 Retained Earnings 8,760 Salaries Payable 3,670 Supplies 560 Unearned Fees 2,730 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 O 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
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