1 of 1 BUS 207 - Principles of Accounting I Homework Assignment 3 Chapter 4 Alamosa Security Co. offers security services to business clients. After all the accounts have been closed on November 30,...

Extracted text: 1 of 1 BUS 207 - Principles of Accounting I Homework Assignment 3 Chapter 4 Alamosa Security Co. offers security services to business clients. After all the accounts have been closed on November 30, 2019, the end of the current fiscal year, the balances of selected accounts from the ledger of Alamosa Security Co. are as follows: Accounts Payable 78,600 Land 355,000 Accounts Receivable 42,581 Prepaid Insurance 16,600 Prepaid Rent Salaries Payable Accumulated Depreciation - Equipment 106,800 650 Cash ? 15,400 Equipment 250,000 Supplies 3,560 John Smith, Capital 650,000 Unearned Fees 15,000 Prepare a classified balance sheet that includes the correct balance for Cash.