Healthy & Trim Co. offers personal weight reduction consulting services to individuals. After all the accounts have

Question:

Healthy & Trim Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2008, the end of the current fiscal year, the balances of selected accounts from the ledger of Healthy & Trim Co. are as follows:

Prepare a classified balance sheet that includes the correct balance forCash.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...