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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
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.
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The effective gross income (EGI) was $52,000; operating expenses were $19,000; $2,000 was put into a fund for future replacement of stoves and refrigerators
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