Question: Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2016, the end
Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2016, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:
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Prepare a classified balance sheet that includes the correct balance for Cash.
Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment 186,400 Salaries Payable 7,200 21,000 9,000 710,300 4,800 18,000 37,700 Prepaid Insurance 116,750 Prepaid Rent Cash Equipment Land ? Cheryl Viers, Capital 74,150 Supplies 300,000 Unearned Fees
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