=+EX 4-11 Balance sheet classification obj. 2 Optimum Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2010, the end of the current fiscal year, the balances of selected accounts from the ledger of Optimum Weight Co.

are as follows:

Accounts Payable $ 8,625 Land $100,000 Accounts Receivable 20,780 Prepaid Insurance 4,800 Accumulated Depreciation—Equipment 25,975 Prepaid Rent 3,000 Carlos Kiser, Capital 173,000 Salaries Payable 3,375 Cash ? Supplies 520 Equipment 75,000 Unearned Fees 2,500