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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 $11,240 Accounts Receivable 27,090 Accumulated Depreciation - Equipment 33,830 Common Stock 180,000 Cash ? Equipment 97,790 Land 130,000 Prepaid Insurance 6,290 Prepaid Rent 3,930 Retained Earnings 45,470 Salaries Payable 4,380 Supplies 670 Unearned Fees 3,260 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: $ 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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