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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 ...................................................$ 34,500Accounts Receivable ................................................ 83,120Accumulated Depreciation-Equipment ........................ 103,900Blanca Tierney, Capital ............................................ 692,000Cash ..................................................................?Equipment ........................................................... 300,000Land .................................................................. $400,000Prepaid Insurance ................................................... 19,200Prepaid Rent ......................................................... 12,000Salaries Payable ...................................................... 13,500Supplies ............................................................... 2,080Unearned Fees ....................................................... 10,000
Prepare a classified balance sheet that includes the correct balance for Cash.
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