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The following are the adjusted account balances of Paradise Spa as at June 30, 2019, the business_year end. The accounts are listed in alphabetical order,

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The following are the adjusted account balances of Paradise Spa as at June 30, 2019, the business_year end. The accounts are listed in alphabetical order, and all are in their normal balance. $ 2,340 Note receivable 500 Prepaid insurance Rent expense 2,000 Accounts payable Accounts receivable Accumulated depreciation - computers Accumulated depreciation - shop equipment Cash Computers Depreciation expense Insurance expense 6,320 3,250 6,000 4,160 2,000 S. Jones, capital S. Jones, drawings Service revenue Shop equipment Supplies Supplies expense Interest expense 100 Note payable 14,000 Wages expense Additional information: The note receivable is due on July 11, 2019 The note payable is being repaid in two equal annual payments of $7,000 per year. On April 3, 2019, the owner Samantha Jones invested $10,000. Required: 1. Calculate the owner S. Jones' capital amount on June 30, 2019. (4 Mark) 2. Prepare a classified balance sheet for Paradise's June 30, 2019 year end in good format. No other statement is required. (8 Marks)

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