The end of year balances in the adjusted trial balance for Dynamic Weight Loss are as follows:

Accounts Payable: $52,996

Accounts Receivable: $182,703

Accumulated Depreciation - Equipment: $173,182

Cash: ?

Common Stock: $84,279

Equipment: $310,171

Land: $362,814

Prepaid Insurance: $5,329

Prepaid Rent: $4,000

Retained Earnings: $633,112

Salaries Payable: $5,911

Supplies: $8,776

Unearned Fees: $25,360

What is the correct balance for cash?

 

Answer rating: 100% (QA)

To find the correct balance for cash we need to calculate the total assets and then subtract the oth... View the full answer