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Balance Sheet Easy Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y7,

Balance Sheet

Easy Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y7, 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 $9,690
Accounts Receivable 23,350
Accumulated Depreciation - Equipment 29,170
Cash ?
Common Stock 180,000
Equipment 84,300
Land 112,000
Prepaid Insurance 5,430
Prepaid Rent 3,390
Retained Earnings 14,380
Salaries Payable 3,780
Supplies 580
Unearned Fees 2,810

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

Line Item Description Amount Amount Amount
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 $Total current assets
Property, plant, and equipment:
Accounts receivableAccumulated depreciation - equipmentCommon stockLandSupplies $- Select -
Accounts receivableAccumulated depreciation - EquipmentEquipmentPrepaid rentSupplies $- Select -
Accounts payableAccumulated amortizationAccumulated depreciation - equipmentEquipmentUnearned fees - Select -
Accounts receivableAccumulated depreciation - equipmentBook value - equipmentPrepaid rentSupplies - Select -
Total property, plant, and equipment Total property, plant, and equipment
Total assets $Total assets
Liabilities
Current liabilities:
Accounts payableAccounts receivableCashCommon stockSupplies $- Select -
EquipmentPrepaid insurancePrepaid rentSalaries payableSalary expense - Select -
Accounts receivableCashLandSuppliesUnearned fees - Select -
Total liabilities $Total liabilities
Stockholders' Equity
Accumulated depreciation - equipmentCommon stockEquipmentPrepaid insuranceUnearned fees $- Select -
Accumulated depreciation - equipmentEquipmentPrepaid insuranceRetained earningsUnearned fees - Select -
Total stockholders' equity Total stockholders' equity
Total liabilities and stockholders' equity

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