12A-3.Hw a) Complete the 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. JAY'S SUPPLIES WORKSHEET FOR YEAR ENDED DECEMBER 31, 200X Adjustments Adjusted Trial Bal. Income Statement Balance Sheet (B) 10,400 (A) 11,000 (E) 500 Trial Balance 2.000 3.000 11,000 1.880 3,400 1,080 5.080 2,120 1,200 10,560 4,280 (D) 400 Account Titles Cash Accounts Receivable Merch. Inv., 1/1/XX Prepaid Insurance Equipment Accum. Dep., Equipment Accounts Payable Unearned Training Fees Mortgage Payable P. Jay, Capital P. Jay, Withdrawals Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Returns and Allow Purchases Discount Freight-in Advertising Expense Rent Expense Salaries Expense (C) 320 (A) 11,000 (B) 10,400 95,800 3,200 2,600 63,600 13,600 3,200 2,680 11,400 10,000 13,600 132,640 132,640 (C) 320 Training Fees Eamed Dep. Exp.. Equipment Insurance Expense (D) 400 (E) 500 22.620 22,620