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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, 2018,

Balance Sheet

Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:

Accounts Payable $11,010
Accounts Receivable 26,530
Accumulated Depreciation - Equipment 33,140
Common Stock 180,000
Cash ?
Equipment 95,790
Land 128,000
Prepaid Insurance 6,170
Prepaid Rent 3,850
Retained Earnings 40,860
Salaries Payable 4,290
Supplies 660
Unearned Fees 3,190

Prepare a classified balance sheet that includes the correct balance for Cash.

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image text in transcribed

Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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