$ 51,200 Accounts Payable Accounts Recelvable $ 8,400 6,000 Prepald Insurance Prepald Rent Retained Earnings Salaries Payable Supplles 187,500 Accumulated Depreclation-Equipment 186,000 620,300 Cash ? 7,500 Common Stock 100,000 11,200 Unearned Fees Equipment Land 325,900 21,000 375,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Balance sheet
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:

 

Prepare a classified balance sheet that includes the correct balance for
Cash.

$ 51,200
Accounts Payable
Accounts Recelvable
$ 8,400
6,000
Prepald Insurance
Prepald Rent
Retained Earnings
Salaries Payable
Supplles
187,500
Accumulated Depreclation-Equipment
186,000
620,300
Cash
?
7,500
Common Stock
100,000
11,200
Unearned Fees
Equipment
Land
325,900
21,000
375,000
Transcribed Image Text:$ 51,200 Accounts Payable Accounts Recelvable $ 8,400 6,000 Prepald Insurance Prepald Rent Retained Earnings Salaries Payable Supplles 187,500 Accumulated Depreclation-Equipment 186,000 620,300 Cash ? 7,500 Common Stock 100,000 11,200 Unearned Fees Equipment Land 325,900 21,000 375,000
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