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Prepare a classified balance sheet

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Reference no: EM13555580

Healthy & Trim Co. offers personal weight reduction consulting services to individuals.

After all the accounts have been closed on November 30, 2008, the end of the current fiscal year, the balances of selected accounts from the ledger of Healthy & Trim Co. are as follows:

Accounts Payable

$ 17,250

Equipment

$350,000

Accounts Receivable

41,560

Prepaid Insurance

9,600

Accumulated Depreciation-

 

Prepaid Rent

6,000

Equipment

51,950

Salaries Payable

6,750

Cash

?

Supplies

1,040

Cindy DeLoach, Capital

346,000

Unearned Fees

5,000

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

Reference no: EM13555580

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