Question
MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y4, the end
MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows: Accounts Payable $9,700 Accounts Receivable 23,380 Accumulated Depreciation 29,200 Cash ? Equipment 84,390 Land 112,000 Prepaid Insurance 5,430 Prepaid Rent 3,400 Salaries Payable 3,780 Supplies 580 Unearned Fees 2,810 Vanessa Freeman, Capital 194,580 Prepare a classified balance sheet that includes the correct balance for Cash. MaxFit Weight Loss Co Balance Sheet November 30, 20Y4 Assets Current assets: $- Select - - Select - - Select - - Select - - Select - Total current assets $fill in the blank 11 Property, plant, and equipment: $- Select - $- Select - - Select - - Select - Total property, plant, and equipment fill in the blank 19 Total assets $fill in the blank 20 Liabilities Current liabilities: $- Select - - Select - - Select - Total liabilities $fill in the blank 27 Owner's Equity - Select - Total liabilities and owner's equity $fill in the blank 30
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