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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 $37,900
Accounts Receivable 116,550
Accumulated Depreciation 184,300
Cash ?
Equipment 478,850
Land 300,000
Prepaid Insurance 7,800
Prepaid Rent 20,700
Salaries Payable 8,400
Supplies 4,800
Unearned Fees 17,900
Vanessa Freeman, Capital 710,100

Prepare a classified balance sheet that includes the correct balance for Cash. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary. Enter all amounts as positive numbers. When entering assets, enter them in order of liquidity.

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