Question 3: JOHN COMPANY Adjusted Trial Balance December 31. JOHN's capital account balance of $40,340 consists of a $30,340 balance from the prior year-end, plus a $10,000 owner investment during the current year. (15) Credit Debit $ 3,050 400 830 80 217,200 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation--Equipment Wages payable Interest payable Unearned rent. Long-term notes payable JOHN, Capital.. JOHN, Withdrawals Rent earned Wages expense Utilities expense Insurance expense Supplies expense Depreciation expense-Equipment Interest expense Totals $ 29,100 880 3,600 460 150,000 40,340 21,000 57,500 25,000 1,900 3,200 250 .5,970 3,000 ... $281.880 $281,880 From the above adjusted trail balance. a) Prepare an INCOME STATEMENT of JOHN Company. b) Prepare a Balance Sheet of JOHN company