labrador weight loss co offers personal weight reduction consulting services to indi 541713
Balance sheet
Labrador Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2014, the end of the current fiscal year, the balances of selected accounts from the ledger of Labrador Weight Loss Co. are as follows:
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labrador weight loss co offers personal weight reduction consulting services to indi 541713
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|
Accounts Payable |
$ 18,500 |
Prepaid Insurance |
$ 19,200 |
|
Accounts Receivable |
78,250 |
Prepaid Rent |
18,000 |
|
Accumulated Depreciation—Equipment |
103,300 |
Retained Earnings |
509,000 |
|
Capital Stock |
100,000 |
Salaries Payable |
8,500 |
|
Cash |
? |
Supplies |
5,350 |
|
Equipment |
300,000 |
Unearned Fees |
9,000 |
|
Land |
290,000 |
Prepare a classified balance sheet that includes the correct balance for Cash.
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