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Classified Balance Sheet Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 30, 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as

  1. Classified Balance Sheet

    Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 30, 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows:

    Accounts Payable $67,800 Prepaid Insurance $14,400
    Accounts Receivable 64,500 Prepaid Rent 10,800
    Accum. DepreciationEquipment 60,000 Retained Earnings 427,500
    Cash ? Salaries Payable 13,200
    Common Stock 75,000 Supplies 24,000
    Equipment 495,000 Unearned Fees 9,000

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

    ELEVEN-ELEVEN, INC.
    Balance Sheet
    November 30, 20Y9
    Assets
    Current assets:
    $fill in the blank 2
    fill in the blank 4
    fill in the blank 6
    fill in the blank 8
    fill in the blank 10
    Total current assets $fill in the blank 11
    Property, plant, and equipment:
    $fill in the blank 13
    fill in the blank 15 fill in the blank 16
    Total assets $fill in the blank 17
    Liabilities
    Current liabilities:
    $fill in the blank 19
    fill in the blank 21
    fill in the blank 23
    Total current liabilities $fill in the blank 24
    Stockholders' Equity
    $fill in the blank 26
    fill in the blank 28
    Total stockholders' equity fill in the blank 29
    Total liabilities and stockholders' equity $fill in the blank 30

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