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Prepare a classified balance sheet

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Question - Eleven-Eleven, Inc. creates guided meditation programs for individuals. On November 30, 20Y9, the balances of selected accounts of Eleven-Eleven, Inc. are as follows:

Accounts Payable

$67,800

Prepaid Insurance

$14,400

Accounts Receivable

64,500

Prepaid Rent

10,800

Accum. Depreciation-Equipment

60,000

Retained Earnings

427,500

Cash

?

Salaries Payable

13,200

Common Stock

75,000

Supplies

24,000

Equipment

495,000

Unearned Fees

9,000

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

Reference no: EM133124578

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