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PS-4B. From the partial worksheet for Murray Company of Caledonia, complete the following: a. Statement of owner's equity b. Classified balance sheet Note: Of
PS-4B. From the partial worksheet for Murray Company of Caledonia, complete the following: a. Statement of owner's equity b. Classified balance sheet Note: Of the Mortgage Payable, $3,000 is due within one year. Account Titles Cash Petty Cash Accounts Receivable Inventory MURRAY COMPANY WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2023 Balance Sheet Dr. 250000 5000 130000 425000 Cr. Supplies 34400 Prepaid Insurance 60000 Store Equipment 1800000 Accum. Dep'n., Store Eq. 75000 Automobile 250000 Accum. Amort., Auto Accounts Payable Taxes Payable Unearned Rent Mortgage Payable A. Murray, Capital A. Murray, Withdrawals 50000 3450 00 210000 1100000 800000 10 500 00 400000 Accrued Salaries Payable Net Loss 10000 33 5 4 4 00 36 400 00 285600 364 00 00 36400 00 Preparing a statement of owner's equity and a classified balance sheet from a worksheet (40 min) Check Figure Total Assets $28,294
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