Optimum Weight Co. offers personal weight reduction consulting services to individuals. After all…
Optimum Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed at the end of a particular fiscal year, the balances of selected accounts from the ledger of Optimum Weight Co. are as follows: Accounts Payable $8,625; Accounts Receivable $20,780; Accumulated Depreciation – Equipment $25,975; Carlos Kiser, Capital $173,000; Cash?; Equipment $75,000; Land $100,000; Prepaid Insurance $4,800; Prepaid Rent $3,000; Salaries Payable $3,375; Supplies $520; Unearned Fees $2,500. Prepare a classified balance sheet that includes the correct balance for cash?