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  3. 12a-2. prepare a statement of owner's equity and a

12A-2. Prepare a statement of owner's equity and a classified balance sheet from the worksheet...

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Accounting

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12A-2. Prepare a statement of owner's equity and a classified balance sheet from the worksheet for James Company in Figure 12.14. (Note: Of the Mortgage Payable, $240 is due within 1 year.) AMES COMPANY PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 201X Balance Sheet Dr Account Titles Cr 24 0 0 O oo 6 000 55 000 420000 32 5 00 5 0000 3 000 00 Cash Petty Cash Accounts Receivable 1 Merchandise Inventory Supplies Prepaid Insurance Store Equipment 7 5000 Acc. Dep., Store Eq Automobile Acc. Dep., Auto. Accounts Payable Taxes Payable Unearned Rent Mortgage Payable 2 0 0 0 00 1 7500 3 0 0 0 00 2 40 0 00 20 50000 5 5 000 H. James, Capital 12 10000 25000 H. James, Withdrawals Salaries Payable 65000 Totals Net Loss Totals 35 8 85 00 40 1 2 5 00 4 2 4000 40 1 2 5 00 40 1 2 5 0oo

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