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Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows: Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees Accounts Payable $67,800 $ 14,400 10,800 427,500 Accounts Receivable 64,500 Accum. Depreciation-Equipment 60,000 Cash ? 13,200 Common Stock 75,000 495,000 24,000 Equipment 9,000 Prepare a classified balance sheet that includes the correct balance for Cash.

Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows: Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees Accounts Payable $67,800 $ 14,400 10,800 427,500 Accounts Receivable 64,500 Accum. Depreciation-Equipment 60,000 Cash ? 13,200 Common Stock 75,000 495,000 24,000 Equipment 9,000 Prepare a classified balance sheet that includes the correct balance for Cash.

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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Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows: Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees Accounts Payable $67,800 $ 14,400 10,800 427,500 Accounts Receivable 64,500 Accum. Depreciation-Equipment 60,000 Cash ? 13,200 Common Stock 75,000 495,000 24,000 Equipment 9,000 Prepare a classified balance sheet that includes the correct balance for Cash.
Transcribed Image Text:Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows: Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees Accounts Payable $67,800 $ 14,400 10,800 427,500 Accounts Receivable 64,500 Accum. Depreciation-Equipment 60,000 Cash ? 13,200 Common Stock 75,000 495,000 24,000 Equipment 9,000 Prepare a classified balance sheet that includes the correct balance for Cash.
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