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	$9,640
Accounts Receivable	23,230
Accumulated Depreciation - Equipment	29,020
Cash	?
Common Stock	180,000
Equipment	83,870
Land	112,000
Prepaid Insurance	5,400
Prepaid Rent	3,370
Retained Earnings	13,380
Salaries Payable	3,760
Supplies	580
Unearned Fees	2,800

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

Line Item Description	Amount	Amount	Amount
Assets
Current assets:
Accounts payableCashCommon stockEquipmentUnearned feesAccounts payable		$Accounts payable
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			$Total liabilities and stockholders' equity

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