Question: i need help with the blanks please let me know how to get those answers thank you Dynamic Weight Loss Co. offers personal weight reduction
i need help with the blanks please let me know how to get those answers thank you
Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:
| Accounts Payable | $10,190 |
| Accounts Receivable | 24,560 |
| Accumulated Depreciation - Equipment | 30,670 |
| Common Stock | 180,000 |
| Cash | ? |
| Equipment | 88,650 |
| Land | 118,000 |
| Prepaid Insurance | 5,710 |
| Prepaid Rent | 3,570 |
| Retained Earnings | 24,410 |
| Salaries Payable | 3,970 |
| Supplies | 610 |
| Unearned Fees | 2,960 |

Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2017 Assets Current assets: Cash Accounts receivable 24,560 Supplies 610 Prepaid insurance 5,710 Prepaid rent 3,570 Total current assets Property, plant, and equipment: Land 118,000 Equipment 88,650 30,670 Accumulated depreciation - equipment Book value - equipment 57,980 Total property, plant, and equipment 175,980 Total assets Liabilities Current liabilities: Accounts payable 10,190 3,970 Salaries payable Unearned fees 2,960 Total liabilities 17,120 Stockholders' Equity Common stock 180,000 Retained earnings 24,410 Total stockholders' equity 204,410 Total liabilities and stockholders' equity
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