Question: From the worksheet shown for Johns Company in Figure, complete the following: a. Statement of owners equity b. Classified balance sheet (Of the Mortgage Payable,

From the worksheet shown for John€™s Company in Figure, complete the following:
a. Statement of owner€™s equity
b. Classified balance sheet
(Of the Mortgage Payable, $190 is due within oneyear.)

JOHN'S COMPANY WORKSHEET FOR YEAR ENDED DECEMBER 31, 201x Account Titles Cash Petty Cash Accts. Receivable Merch. Inventory Supplies Prepaid Ins Store Equip Acc. Dep., Store Eq Automobile ACC. Dep., Auto Accts. Pavable Taxes Payable Unearned Rent Mortgage Payable H. Johns, Capital H. Johns, Withd Dr. 240000 13000 150000 370000 Cr 7500 50000 300 000 900 00 200oloo 22500 290000 245000 1900000 65000 1220 000 5000 5000 35 15500 390 7500 Salaries Payable Net LossS 3907500 3907 500

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