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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
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: Accounts payable $36,000 Accounts receivable 117,000 Accumulated depreciation-equipment 185,400 Cash ? Common stock 75,000 Equipment 474,300 Land 300,000 Prepaid insurance 6,400 Prepaid rent 23,000 Retained earnings 638,000 Salaries payable 8,200 Supplies 4,700 Unearned fees 18,200 Prepare a classified balance sheet that includes the correct balance for Cash
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