Balance Sheet

Easy Weight Loss Co$.$ offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November $30,20$Y$7,$ the end of the fiscal year, the balances of selected accounts from the ledger of Easy Weight Loss are as follows:

Line Item Description Amount

Accounts Payable $$10,340$

Accounts Receivable $24,920$

Accumulated Depreciation $-$ Equipment $31,120$

Cash $?$

Common Stock $180,000$

Equipment $89,960$

Land $120,000$

Prepaid Insurance $5,790$

Prepaid Rent $3,620$

Retained Earnings $27,420$

Salaries Payable $4,030$

Supplies $620$

Unearned Fees $3,000$