1. Balance Sheet
2. 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 thefiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:
4. Accounts Payable$10,620Accounts Receivable25,590Accumulated Depreciation - Equipment31,970Common Stock180,000Cash?Equipment92,390Land123,000Prepaid Insurance5,950Prepaid Rent3,720Retained Earnings33,040Salaries Payable4,140Supplies640Unearned Fees3,080
5. Prepare a classified balance sheet that includes the correct balance for Cash.
6. Dynamic Weight Loss Co.Balance SheetJune 30, 20Y7AssetsCurrent assets:
7. $
11. Total current assets$Property, plant, and equipment:
12. $
13. $
15. Total property, plant, and equipmentTotal assets$LiabilitiesCurrent liabilities:
16. $
18. Total liabilities$Stockholders' Equity
19. $
20. Total stockholders' equityTotal liabilities and stockholders' equity$