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Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts fr MaxFit Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable $ 44,800 138,600 221,300 Supplies Unearned Fees ? 563,000 356,200 8,500 24,900 10,700 5,700 21,400 Vanessa Freeman, Capital 843,400 Assets $177,700 697.900 138600 Prepare a classified balance sheet that includes the correct balance for Cash. Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 Assets OOLS 0258 24

Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts fr MaxFit Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable $ 44,800 138,600 221,300 Supplies Unearned Fees ? 563,000 356,200 8,500 24,900 10,700 5,700 21,400 Vanessa Freeman, Capital 843,400 Assets $177,700 697.900 138600 Prepare a classified balance sheet that includes the correct balance for Cash. Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 Assets OOLS 0258 24

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How do I find the cash

TI Launch < Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Current assets: Cash Print Item Prepare a Classined Dalance sheet that includes the confect Dalalice for Cash. Accounts receivable X Supplies Prepaid insurance Prepaid rent Equipment Total current assets ✔ Total assets Property, plant, and equipment: Land ✓ Current liabilities: ✓ Unearned fees Total liabilities CengageNOWv2 | Online teach X Less accumulated depreciation Accounts payable Salaries payable Check My Work Jay ✓ Total property, plant, and equipment ✓ Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 ✔ ✔ Assets $ 563,000 ✓ LA + 221,300 ✓ Liabilities $ 640,200 X 138,600 5,700 8,500 24,900 X> $ 356,200 ✓ ✓ 341,700 ✓ 10,700 $ 44,800 ✔ All work saved. 21,400 V $ $ 697,900 X X $ 76,900 V
Transcribed Image Text:TI Launch < Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Current assets: Cash Print Item Prepare a Classined Dalance sheet that includes the confect Dalalice for Cash. Accounts receivable X Supplies Prepaid insurance Prepaid rent Equipment Total current assets ✔ Total assets Property, plant, and equipment: Land ✓ Current liabilities: ✓ Unearned fees Total liabilities CengageNOWv2 | Online teach X Less accumulated depreciation Accounts payable Salaries payable Check My Work Jay ✓ Total property, plant, and equipment ✓ Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 ✔ ✔ Assets $ 563,000 ✓ LA + 221,300 ✓ Liabilities $ 640,200 X 138,600 5,700 8,500 24,900 X> $ 356,200 ✓ ✓ 341,700 ✓ 10,700 $ 44,800 ✔ All work saved. 21,400 V $ $ 697,900 X X $ 76,900 V
9/11/22, 9:17 PM Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts hav been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable Supplies Unearned Fees CengageNOWv2 | Online teaching and learning resource from Cengage Learning $ 44,800 138,600 221,300 ? 563,000 356,200 8,500 24,900 10,700 5,700 21,400 Vanessa Freeman, Capital 843,400 Assets $177,700 697.900 38 Prepare a classified balance sheet that includes the correct balance for Cash. Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 Assets 600 5700 0258 24900
Transcribed Image Text:9/11/22, 9:17 PM Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts hav been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable Supplies Unearned Fees CengageNOWv2 | Online teaching and learning resource from Cengage Learning $ 44,800 138,600 221,300 ? 563,000 356,200 8,500 24,900 10,700 5,700 21,400 Vanessa Freeman, Capital 843,400 Assets $177,700 697.900 38 Prepare a classified balance sheet that includes the correct balance for Cash. Maxfit Weight Loss Co. Balance Sheet November 30, 20Y4 Assets 600 5700 0258 24900
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