Question: Obj. 2 EX 4-12 Balance sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been
Obj. 2 EX 4-12 Balance sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the bal- ances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Common Stock Equipment Land $ 51,200 Prepaid Insurance 187,500 Prepaid Rent 186,000 Retained Earnings Salaries Payable 100,000 Supplies 325,900 Unearned Fees 375,000 Prepare a classified balance sheet that includes the correct balance for Cash. amoont $ 8,400 6,000 620,300 7,500 11,200 21,000
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