All three charts need to be filled out, and there needs to be four journal entries for the general journal.

Part 2: Adjusting Entries and the Worksheet (16 marks) Kathy Morris owns a small decorating business called Premium Decorating. A partially completed worksheet for Premium Decorating and additional information follow directly. Additional Information 1. Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the following: Telephone Expense $102 Car Expense 389 Supplies 250 2. The supplies counted and valued as of December 31, 20-2, are $980. 3. The unexpired insurance at December 31, 20-2. amounted to $1040. Using the additional information above, complete the eight-column worksheet. HST accounts are not to be considered Worksheet Year Ended December 31, 20.2 Using the adclitional information above, complete the eight-column worksheet. HST accounts are not to be considered. Premium Decorating Year Ended December 31, 20-2 INCOME STATENEIT BALANCE SHEET Dr GE ACCOUNTS Acents Receivable Prepaid insurance Furniture and Equipment Automobile Accounts Payable Bank Loan Morris Capital X. Morris Drawings ees Earned Bank Charges Car Expense Miscellaneous Expense Rent Expense Telephone Expense interest Expense Wiges Expense Worksheet TRIAL BALANCE ADJUSTMENTS Cr De CE 404750 72100 3000.00 180.00 3.500.00 12 800.00 3 250.00 10 000.00 23 949 50 19 500.00 40072.00 360.00 3547.00 200.00 6 000.00 12.00 so0.00 8304.00 220 Prepare the four closing joumal entries for Premium Decorating as of December 31, 2020. Omit explanations GENERAL JOURNAL PARTICULARS P.R. DATE DEBIT CREDIT Assuming all entries have been posted, calculate the ending Capital balance for Premium Decorating as of December 31, 2020, in the account provided below. NO 301 ACCOUNT K. Morris Capital PARTICULARS Drir CREDIT BALANCE P.R DEBIT DATE Dan 202