Prepare a statement of owners equity and a classified balance sheet from the partial worksheet for James

Question:

Prepare a statement of owner’s equity and a classified from the partial worksheet for James Company of Penticton (page 598). Note: Of the Mortgage Payable, $200 is due within one year.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...