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Help with balance sheet Balance sheet Easy Weight Loss Consulting offers personal weight reduction consulting services to individuals, After all the accounts have been closed
Help with balance sheet
Balance sheet Easy Weight Loss Consulting offers personal weight reduction consulting services to individuals, After all the accounts have been closed on November 30, 2077, the end of the fiscal year, the balances of selected accounts from the ledger of Easy Weight Loss are as follows: Accounts Payable 541,200 Accounts Receivable 130,550 Accumulated Depreciation - Equipment 45,000 Cash ? Equipment 230,000 Land 320,000 Prepaid Insurance 7,500 Prepaid Rent 4,800 Quinlin Eismann, Capital 691,500 Salaries Payable 3,800 Supplies 9,150 Unearned Fees 13,500 Prepare a classified balance sheet that includes the correct balance for Cash, Easy Weight Loss Consulting Balance Sheet November 30, 207 Line Item Description Amount Amount Amount Assets Current assets: Cash =+ Accounts receivable v Supplies = v Prepaid insurance = + LA LA X Prepaid rent v Total current assets Property, plant, and equipment: Land = v Equipment = + Accumulated depreciation - equipment = -45,000 | Book value - equipment * Total property, plant, and equipment Total assets Lial Current liabilities: Accounts payable * v Salanes payable = v Unearned fees = v/ Total liabilities Owner's Equity Quinlin Eismann, capital -V Total liabilities and owner's equityStep by Step Solution
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