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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
 Balance sheet                                                                                                                                    Â
Optimum Weight Loss Co. offers personal weight reduction consulting services to indi- viduals. After all the accounts have been closed on November 30, 2016, the end of the fiscal year, the balances of selected accounts from the ledger of Optimum Weight Loss Co. are as  follows:
Â
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|
SHOW ME HOW |
 Accounts Payable |
 $ 37,700 |
 Prepaid Insurance |
 $  7,200 |
|
 |
Accounts Receivable |
116,750 |
Prepaid Rent |
21,000 |
|
 |
Accumulated  Depreciation—Equipment |
186,400 |
Retained Earnings |
635,300 |
|
 |
Cash |
? |
Salaries Payable |
9,000 |
|
 |
Common Stock |
75,000 |
Supplies |
4,800 |
|
 |
Equipment |
474,150 |
Unearned Fees |
18,000 |
|
 |
Land |
300,000 |
 |
 |
Prepare a classified balance sheet that includes the correct balance for Cash.
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