1. Jones Company is a merchandise company that uses the perpetual inventory method. The business prepares financial statements on a monthly basis and has the following adjusted trial balance at January 31:

8,000 Cash 10,000 Notes payable (all long-term)

11,000 Accounts receivable 42,600 Owner's capital, January 1

22,500 Merchandise inventory 4,000 Owner's withdrawals

34,200 Equipment 314,700 Sales revenue

7,400 Accumulated depreciation 230,400 Cost of goods sold

5,800 Accounts payable 71,400 Operating expenses

1,000 Wages payable

A. What is a MULTIPLE STEP income statement for Jones Company IN GOOD FORMAT for January.

B. What is a statement of owner's equity for Jones Company IN GOOD FORMAT for January.

C. What is a classified balance sheet for Jones Company IN GOOD FORMAT for January.