Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits. Journal entry worksheet 134567 Record the adjustment entry for Social Security Tax and Medicare Tax Payable. Note: Enter debits before credits. Analyze: By what percentage did the owner's capital account change in the period from January 1, 20X1, to December 31, 20X1? Complete this question entering your answers in the tabs below. By what percentage did the owner's capital account change in the period from January 1,201, to December 31,201 ? (Enter your answer in 1 decimal place.) Journal entry worksheet \begin{tabular}{lllllll} \hline & 2 & 3 & 4 & 5 & 6 & 7 \\ Record the adjustment entry for Accrued salaries expense. \end{tabular} Note: Enter debits before credits. Journal entry worksheet Record the adjustment entry for expired insurance. Note: Enter debits before credits. Journal entry worksheet 4 Record the closing entry for revenue and other credit items. Note: Enter debits before credits. Journal entry worksheet Record the adjustment entry for uncollectible accounts expenses. Note: Enter debits before credits. Journal entry worksheet Record the second reversing entry required. Note: Enter debits before credits. Journal entry worksheet 1245 Record the adjustment entry for Accrued interest expense. Note: Enter debits before credits. Journal entry worksheet Record the adjustment entry for ending inventory. Note: Enter debits before credits. Prepare a worksheet for the year ended December 31, 20X1. (Round your answers to 2 decimal places.) Journal entry worksheet Record the third reversing entry required. Note: Enter debits before credits. Programs Plus is a retail firm that sells computer programs for home and business use. Programs Plus operates in a state with no sales tax. On December 31, 20X1, its general ledger contained the accounts and balances shown below: The data needed for the adjustments on December 31 are as follows: a.-b. Ending merchandise inventory, $69,150. c. Uncollectible accounts, 0.5 percent of net credit sales of $258,000. d. Supplies on hand December 31, \$1,670. e. Expired insurance, $2,490. f. Depreciation Expense-Equipment, $10,800. g. Accrued interest expense on notes payable, $1,625. h. Accrued salaries, $4,700. i. Social Security Tax Payable (6.2 percent) and Medicare Tax Payable ( 1.45 percent) of accrued salaries. Prepare a statement of owner's equity. No additional investments were made during the period. (Round your answer decimal place.) Journal entry worksheet 3 4. 5 6 7 Record the adjustment entry for beginning inventory. Note: Enter debits before credits. Journal entry worksheet Record the adjustment entry for Depreciation Expense-Equipment. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for expenses and other debit items: Note: Enter debits before credits. Journal entry worksheet Record the adjustment entry for supplies expense. Note: Enter debits before credits. Journal entry worksheet