I would like some help with my assignment. Step one:Using the additional information and the worksheet provided, record the year-end adjustments in the Adjustments column and extend all amounts to the Income Statement and the Balance Sheet columns. Balance the worksheet.Additional Information1. Inventory of supplies at year-end is $620.2. Unexpired insurance at year-end is $485.3. Closing inventory of merchandise is $16,000.Step two:Prepare the four closing journal entries of December 31, 2012. Omit explanations and the Posting Reference. Use Page 2 for the page number. Leave a blank line between entries

3. Walsh Enterprises Worksheet Year Ended December 31, 2020 TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET ACCOUNTS Cr Dr Cr Dr Cr Dr Gr Ban 6 000 Accounts Receivable 12 000 Merchandise Inventory 14 000 Supplies 1 450 Prepaid Insurance Furniture 10 000 Accounts Payable 8 000 G. Walsh, Capital 35 350 G. Walsh, Drawings 2 000 Sales 30 000 Purchases 20 050 Wages Expense 6 000 General Expense 1 000 73 350 73 350