EX 4-12 Balance sheet
My-Best Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2012, the end of the current fiscal year, the balances of selected accounts from the ledger of My-Best Weight Co. are as follows:
| Accounts Payable | $34,500 | Land | $400,000 |
| Accounts Receivable | 83,120 | Prepaid Insurance | 19,200 |
| Accumulated Depreciation—Equipment | 103,900 | Prepaid Rent | 12,000 |
| Blanca Tierney, Capital | 692,000 | Salaries Payable | 13,500 |
| Cash | ? | Supplies | 2,080 |
| Equipment | 300,000 | Unearned Fees | 10,000 |
Prepare a classified balance sheet that includes the correct balance for Cash.
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