P8-4A.

Goods Company

Worksheet for the year

Ended December 31,2023

Balance sheet

Account Titles. DR. CR

Cash. 8,500

Petty Cash. 90

Accounts Receivable. 1,350

Inventory. 4,000

Supplies. 325

Prepaid Insurance. 500

Store Equipment. 2,800

Accum.Dep'n.,store equip. 700

Automobile. 1,700

Accum.Dep'n.,Auto. 225

Accounts Payable. 2,800

Taxes Payable. 2,400

Unearned Rent. 8,500

Mortgage Payable. 450

Good's Capital. 7,400

Good's Widthdrawals. 100

Accrued Salaries Payable. 600

Total. 19,365 23,075

Net Income. 3,710

23,075 23,075

(12) P8-4A. Prepare a statement of owner's equity and a classified balance sheet from the partial worksheet for Goods Company of Fergus. Note: Of the Mortgage Payable, $200 is due within one year. Completing the worksheet; preparing financial reports; journalizing adjusting and closing entries