12A-3. a. Complete the partial worksheet for Jay's Supplies. b. Prepare an income statement, a statement of owner's equity, and a classified balance sheet. Note: The amount of the mortgage due the first year is $800. C. Journalize the adjusting and closing entries. Completion of the Accountinly U Figure 12.16 Worksheet for Jay's Supplies JAY'S SUPPLIES WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2019 Trial Balance Adjustments Dr. Dr. (A) 1 0 0 0 00 50 000 (D) 40 000 (C) Account Titles Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Equipment Accum. Dep'n., Equipment Accounts Payable Unearned Training Fees Mortgage Payable P.Jay, Capital (B) 32 000 200 000 300 000 11 0 0 0 00 18 8 000 3 40 000 1 0 8 000 5 0 8 000 2 12 000 1 2 0 0 00 10 5 60 00 4 2 8 000 95 8 0 0 00 320 000 2 60 000 49 4 8 0 00 11 40 000 10 0 0 0 00 13 6 0 0 00 115 8 40 00 115 8 40 00 1 0 0 0 00 P. Jay, Withdrawals Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Advertising Expense Rent Expense Salaries Expense Training Fees Earned Dep'n. Exp., Equipment Insurance Expense 32 000 (C) 400 00 (D) 50 000 22 20 00 22 20 00