Question: 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.

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:
ACCOUNTS BALANCES
Cash $ 15,280 Dr.
Accounts Receivable 26,600 Dr.
Allowance for Doubtful Accounts 95 Cr.
Merchandise Inventory 62,375 Dr.
Supplies 6,740 Dr.
Prepaid Insurance 2,380 Dr.
Equipment 34,000 Dr.
Accumulated DepreciationEquipment 10,100 Cr.
Notes Payable 7,264 Cr.
Accounts Payable 6,500 Cr.
Social Security Tax Payable 560 Cr.
Medicare Tax Payable 130 Cr.
Yasser Tousson, Capital 93,620 Cr.
Yasser Tousson, Drawing 50,000 Dr.
Sales 514,980 Cr.
Sales Returns and Allowances 9,600 Dr.
Purchases 319,430 Dr.
Freight In 3,600 Dr.
Purchases Returns and Allowances 7,145 Cr.
Purchases Discounts 5,760 Cr.
Rent Expense 14,500 Dr.
Telephone Expense 2,164 Dr.
Salaries Expense 92,000 Dr.
Payroll Taxes Expense 7,300 Dr.
Interest Expense 185 Dr.
The data needed for the adjustments on December 31 are as follows:
a.-b. Ending merchandise inventory, $67,850.
Uncollectible accounts, 0.5 percent of net credit sales of $245,000.
Supplies on hand December 31, $1,020.
Expired insurance, $1,190.
Depreciation ExpenseEquipment, $5,600.
Accrued interest expense on notes payable, $325.
Accrued salaries, $2,100.
Social Security Tax Payable (6.2 percent) and Medicare Tax Payable (1.45 percent) of accrued salaries.
The following accounts had zero balances:
Salaries Payable
Interest Payable
Income Summary
Supplies Expense
Insurance Expense
Depreciation ExpenseEquipment
Uncollectible Accounts Expense
Required:
Prepare a worksheet for the year ended December 31,20X1.
Prepare a classified income statement. The firm does not divide its operating expenses into selling and administrative expenses.
Prepare a statement of owners equity. No additional investments were made during the period.
Prepare a classified balance sheet. All notes payable are due within one year.
Journalize the adjusting entries.
Journalize the closing entries.
Journalize the reversing entries.
Analyze:
By what percentage did the owners capital account change in the period from January 1,20X1, to December 31,20X1?
Please use my exact numbers. Please do income statement, statement of owners equity, Balance sheet, Journalize adjusting entries, Journalize closing entries, Journalize the reversing entries. ALONG WITH FILLING OUT THE PROVIDED SCREENSHOT.
 Programs Plus is a retail firm that sells computer programs for

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