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.