MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows:

Accounts Payable $ 44,800
Accounts Receivable 138,600
Accumulated Depreciation 221,300
Cash ?
Equipment 563,000
Land 356,200
Prepaid Insurance 8,500
Prepaid Rent 24,900
Salaries Payable 10,700
Supplies 5,700
Unearned Fees 21,400
Vanessa Freeman, Capital 843,400
Prepare a classified balance sheet that includes the correct balance for Cash.

Maxfit Weight Loss Co.
Balance Sheet
November 30, 20Y4
Assets
Current assets:
$
Total current assets $
Property, plant, and equipment:
$
$
Total property, plant, and equipment
Total assets $
Liabilities
Current liabilities:
$
Total liabilities $
Owner's Equity
Total liabilities and owner's equity $

Balance sheet is the statement in which the balances of assets and liabilities of company is recorded. It has four columns, one contains assets name, one contains liabilities name, and other two contain respective amount.

How to find cash?

We have been given Accounts Payable $ 44,800,Accounts Receivable 138,600,Accumulated Depreciation 221,300,Equipment 563,000,Land 356,200,Prepaid Insurance 8,500,Prepaid Rent 24,900,Salaries Payable 10,700,Supplies 5,700,Unearned Fees 21,400,Vanessa Freeman, Capital 843,400 and we have to find the amount of cash.

Cash=Accounts Payable+Salaries Payable +Supplies+Unearned Fees+Vanessa Freeman, Capital-Accounts Receivable -Equipment+Accumulated Depreciation.

=44800+10700+5700+21400+843400-138600+221300

=$288500

Hence the amount of cash in balance sheet is $288500.

Learn more about balance sheet at https://brainly.com/question/1113933

#SPJ2