Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After...
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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, 2018, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $11,080 Accounts Receivable 26,700 33,350 Accumulated Depreciation - Equipment Common Stock 180,000 Cash ? Equipment 96,400 Land 128,000 Prepaid Insurance Prepaid Rent 6,200 3,880 42,260 Retained Earnings Salarles Payable 4,320 660 Supplies Unearned Fees 3,210 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet lune 30 2018 Current assets: Cash Accounts receivable 26,700 Supplies 660 Prepaid insurance 8,400 Prepaid rent 6,000 Total current assets Property, plant, and equipment: Land 128,000 Equipment 96,400 Accumulated depreciation - equipment Book value - equipment 63,050 Total property, plant, and equipment 191,050 Total assets Liabilities Current liabilities: Accounts payable 11,080 Salaries payable 4,320 Unearned fees 3,210 Total liabilities 18,610 Stockholders' Equity. Common stock $ Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
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