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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, 20Y7,
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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, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:
Accounts Payable $9,370 Accounts Receivable 22,580 Accumulated Depreciation - Equipment 28,200 Common Stock 180,000 Cash ? Equipment 81,520 Land 109,000 Prepaid Insurance 5,250 Prepaid Rent 3,280 Retained Earnings 7,960 Salaries Payable 3,650 Supplies 560 Unearned Fees 2,720 Prepare a classified balance sheet that includes the correct balance for Cash.
Dynamic Weight Loss Co. Balance Sheet June 30, 20Y7 Assets Current assets: $ 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 $
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