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.