Question
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,
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 | $10,730 |
Accounts Receivable | 25,860 |
Accumulated Depreciation - Equipment | 32,300 |
Common Stock | 180,000 |
Cash | ? |
Equipment | 93,350 |
Land | 124,000 |
Prepaid Insurance | 6,010 |
Prepaid Rent | 3,760 |
Retained Earnings | 35,240 |
Salaries Payable | 4,180 |
Supplies | 640 |
Unearned Fees | 3,110 |
Prepare a classified balance sheet that includes the correct balance for Cash.
Assets | |||
Current assets: | |||
Accounts payableCashCommon stockEquipmentUnearned fees | $- Select - | ||
Accounts payableAccounts receivableCommon stockEquipmentSalaries payable | - Select - | ||
Accounts payableAccumulated depreciation - equipmentCommon stockLandSupplies | - Select - | ||
Accumulated depreciation - equipmentCommon stockEquipmentPrepaid insuranceUnearned fees | - Select - | ||
Accounts payableLandPrepaid rentSalaries payableUnearned fees | - Select - | ||
Total current assets | $fill in the blank 11 | ||
Property, plant, and equipment: | |||
Accounts receivableAccumulated depreciation - equipmentCommon stockLandSupplies | $- Select - | ||
Accounts receivableAccumulated depreciation - equipmentEquipmentPrepaid rentSupplies | $- Select - | ||
Accounts payableAccumulated depreciation - equipmentCommon stockEquipmentUnearned fees | - Select - | ||
Accounts receivableAccumulated depreciation - equipmentBook value - equipmentPrepaid rentSupplies | - Select - | ||
Total property, plant, and equipment | fill in the blank 20 | ||
Total assets | $fill in the blank 21 | ||
Liabilities | |||
Current liabilities: | |||
Accounts payableAccounts receivableCashCommon stockSupplies | $- Select - | ||
EquipmentPrepaid insurancePrepaid rentSalaries payableSalary expense | - Select - | ||
Accounts receivableCashLandSuppliesUnearned fees | - Select - | ||
Total liabilities | $fill in the blank 28 | ||
Stockholders' Equity | |||
Accumulated depreciation - equipmentCommon stockEquipmentPrepaid insuranceUnearned fees | $- Select - | ||
CashPrepaid insuranceRetained earningsSalaries payableUnearned fees | - Select - | ||
Total stockholders' equity | fill in the blank 33 | ||
Total liabilities and stockholders' equity | $fill in the blank 34 |
Balance Sheet Weight Loss are as follows: Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet Dronaro a rlaccifiert halanro cheot that inclutec the rorrort halanro fur rach Liabilities Current liabilities: Total liabilities Total current assets Property, plant, and equipment: Stockholders' Equity. Total stockholders' equity Total liabilities and stockholders' equity, equipment. Total assets
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