Balance Sheet Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation - Equiprent Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable Cheryl Viers, Capital Supplies Unearned Fees $8,470 20,410 25,490 73,690 98,000 4,740 2,960 3,300 169,910 510 7 2,460 Prepare a classified balance sheet that includes the correct balance for Cash
Balance Sheet Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation - Equiprent Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable Cheryl Viers, Capital Supplies Unearned Fees $8,470 20,410 25,490 73,690 98,000 4,740 2,960 3,300 169,910 510 7 2,460 Prepare a classified balance sheet that includes the correct balance for Cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:Balance Sheet
Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2019, the end of
the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as follows:
Accounts Payable
$8,470
Accounts Receivable
20,410
Accumulated Depreciation - Equipment
25,490
Cash
Equipment
Land
Prepaid Insurance
Prepaid Rent
Salaries Payable
Cheryl Viers, Capital
Supplies
Unearned Fees
7
73,690
98,000
4,740
2,960
3,300
169,910
510
2,460
Prepare a classified balance sheet that includes the correct balance for Cash,
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