Question
Prepare a statement of owners equity and a classified balance sheet from the partial worksheet for Jason Company of Flin Flon. Of the Mortgage Payable,
Prepare a statement of owners equity and a classified balance sheet from the partial worksheet for Jason Company of Flin Flon. Of the Mortgage Payable, $210 is due within one year.
Jason Company
Partial Worksheet
For the Year Ended December 31, 2023
Balance Sheet
Account Titles Dr. Cr.
Cash 6500
Petty Cash 60
Accounts Receivable 1450
Inventory 4200
Supplies 350
Prepaid Insurance 550
Store Equipment 2400
Acc. Dep'n Store Eq 900
Automobile 1900
Acc. Dep'n Auto 150
Accounts Payable 2600
Taxes Payable 2550
Unearned Rent 8000
Mortgage Payable 500
Jason, Capital 7700
Jason, Withdrawals 150
Accrued Salaries Payable 750
Total 17560 23150
5590
Net Loss 23150 23150
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