P8-4B. From the partial worksheet for Murray Company of Caledonia, complete the following: a. Statement of...

 

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P8-4B. 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 Supplies Prepaid Insurance Store Equipment Accum. Dep'n., Store Eq. Automobile Accum. Amort., Auto Accounts Payable Taxes Payable Unearned Rent Mortgage Payable A. Murray, Capital A. Murray, Withdrawals Accrued Salaries Payable Net Loss MURRAY COMPANY Check Figure Total Assets $28,294 WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2023 Balance Sheet Dr. 250000 5000 130000 425000 34400 60000 1800000 250000 400000 Preparing a statement of owner's equity and a classified balance sheet from a worksheet ● (40 min) Cr. 75000 50000 345000 210000 1100000 800000 10 500 00 10000 33 5 4 400 36 40000 285600 3640000 3640000 P8-4B. 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 Supplies Prepaid Insurance Store Equipment Accum. Dep'n., Store Eq. Automobile Accum. Amort., Auto Accounts Payable Taxes Payable Unearned Rent Mortgage Payable A. Murray, Capital A. Murray, Withdrawals Accrued Salaries Payable Net Loss MURRAY COMPANY Check Figure Total Assets $28,294 WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2023 Balance Sheet Dr. 250000 5000 130000 425000 34400 60000 1800000 250000 400000 Preparing a statement of owner's equity and a classified balance sheet from a worksheet ● (40 min) Cr. 75000 50000 345000 210000 1100000 800000 10 500 00 10000 33 5 4 400 36 40000 285600 3640000 3640000

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