From the partial worksheet for Joe€™s Supplies in Figure 12.22, do the following:
1. Complete the worksheet.
2. Prepare the income statement, statement of owner€™s equity, and classified balance sheet. (The amount of the mortgage due the first year is $890.)
3. Journalize the adjusting and closingentries.

OE'S SUPPLIES WORKSHEET FOR YEAR ENDED DECEMBER 31, 201X Trial Balance Dr Adjustments Dr Account Titles Cash Accounts Receivable Merch. Inventory, 1/1/ix Prepaid Insurance Equipment Cr 510 000 01610101001 11101010100|(A) 192 000 | 1 |010100 101000 44000 D) Accounts Payable Unearned Training Fees 21700( 133000 (C)30000 ortgage Payable Capital Withdrawals 425000 ncome Summar Sales Sales Returns and Allowances Sales Discount Purchases Purchases Returns and Allow Purchases Discounts Freight-In Advertising Expense Rent Expense Salaries Expense 9568000 260o (00 04 133000 24000 113000 13100 13230000 13 Training Fees Earned Dep. Exp., Equipment Insurance Expense (D)440oo0 (E) 550o0 2289/00 00 2289000