Shoshone Co. offers personal weight reduction consulting services to individuals. After all the…
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Shoshone Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2004, the end of the current fiscal year, the balances of selected accounts from the ledger of Shoshone Co. are as follows:
Accounts Payable
$ 8,750
Prepaid Insurance
$ 3,100
Accounts Receivable
18,725
Prepaid Rent
2,400
Accum. Depr.—Equipment
21,100
Retained Earnings
59,850
Capital Stock
25,000
Salaries Payable
1,750
Cash
2,150
Supplies
675
Equipment
90,600
Unearned Fees
1,200
Prepare a classified balance sheet.
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