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please answers boxes Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on
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Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2014, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows: Accounts Payable $10,360 Accounts Receivable 24,970 Accumulated Depreciation 31,180 Cash ? Equipment 90,130 Land 120,000 Prepaid Insurance 5,800 Prepaid Rent 3,630 Salaries Payable 4,040 Supplies 620 Unearned Fees 3,000 Vanessa Freeman, Capital 207,820 Prepare a classified balance sheet that includes the correct balance for Cash. MaxFit Weight Loss Co Balance Sheet November 30, 2014 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Less accumulated depreciation Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Unearned fees Total liabilities Owner's Equity Vanessa Freeman, CapitalStep by Step Solution
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