Solution-Prepare a classified balance sheet

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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Prepare a classified balance sheet

Reference no: EM13555580

Reference no: EM13555580

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