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Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the end

Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:

Accounts Payable $37,100
Accounts Receivable 117,650
Accumulated Depreciation-Equipment 185,000
Cash ?
Equipment 475,250
Land 300,000
Prepaid Insurance 7,600
Prepaid Rent 22,800
Salaries Payable 8,400
Cheryl Viers, Capital 711,200
Supplies 5,000
Unearned Fees 17,800

Prepare a classified balance sheet that includes the correct balance for Cash. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.

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