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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
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: Prepare a classified balance sheet that includes the correct balance for Cash. curtent assets: Total current assets Property, plant, and equipment: Equipment Less accumulated depreciation Total property, plant, and equipment Total assets Liabilities 510 4,740 2,960 $3,600 25,46048,140 x 146,140 $ $8,460 Salaries payable 3,300 Unearned fees 2,450 Total liabilities Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Less accumulated depreciation Total property, plant, and equipment Total assets 2,960 $73,600 25,460 48,140 146,140 $ Liabilities Current liabilities: Salaries payable Total liabilities Total liabilities Owner's Equity. $14,210 169,710 $ Total liabilities and owner's equity
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