Posted: June 9th, 2017

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

Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 2016, the end of the fiscal year, the balances of selected accounts from the ledger of optimum Weight Loss Co. are as follows:

Accounts payable $37,700 Accounts Receivable 116,750 Accumulated Depreciation 186,400 Equipment 474,150 Land 300,000  Prepaid Insurance 7,200  Prepaid Rent 21,000 Salaries Payable 9,000Cheryl Viers, Capital 710,300  Supplies 4,800  Unearned Fees 18,000 Prepare a classified balance sheet that includes the correct balance for Cash.