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. As follows: Accounts payable $37,200 Accounts receivable 118,550 Accumulated Depreciation - Equipment 187,000 Cash ? Equipment 477,200 Land 300,000 Prepaid insurance 6,200 Prepaid Rent  21,900 Salaries payable 9,300 Cheryl Viers , Capital 714,600 Supplies 4,500 Unearned fees 17,300 Prepare a classified balance sheet that includes the correct balance for cash. Fixed assets must be entered In order to according to account number. Be sure to complete the statement heading.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 10P: Worksheet Victoria Company has the following account balances on December 31, 2019, prior to any...
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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. As follows:

Accounts payable $37,200

Accounts receivable 118,550

Accumulated Depreciation - Equipment 187,000

Cash ?

Equipment 477,200

Land 300,000

Prepaid insurance 6,200

Prepaid Rent  21,900

Salaries payable 9,300

Cheryl Viers , Capital 714,600

Supplies 4,500

Unearned fees 17,300

Prepare a classified balance sheet that includes the correct balance for cash. Fixed assets must be entered In order to according to account number. Be sure to complete the statement heading.

 

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