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ritical Thinking Problem 13.1 (Algo) Year-End Processing LO 13-1, 13-2, 13-3, 13-4, 13-5, 13-6, 137 rograms Plus is a retail firm that sells computer programs for home and business use. Programs Plus operates in a state with no sales x. On December 31,201, its general ledger contained the accounts and balances shown below: The following accounts had zero balances: - Salaries Payable - Interest Payable - Income Summary - Supplies Expense - Insurance Expense - Depreciation Expense-Equipment - Uncollectible Accounts Expense Required: 1. Prepare a worksheet for the year ended December 31,201. 2. Prepare a classified income statement. The firm does not divide its operating expenses into selling and administrative expenses. 3. Prepare a statement of owner's equity. No additional investments were made during the period. 4. Prepare a classifled balance sheet. All notes payable are due within one year. 5. Journalize the adjusting entries. 6. Journalize the closing entries. 7. Journalize the reversing entries. Prepare a worksheet for the year ended December 31,201. Note: Round your answers to 2 decimal placos. Prepare a classified income statement. The firm does not divide its operating expenses into selling and administrative expenses. Note: Round your answers to 2 decimal places. Complete this question entering your answers in the tabs below. Prepare a statement of owner's equity. No additional investments were made during the period. Note: Round your answers to 2 decimal place. Prepare a classified balance sheet. All notes payable are due within one year. Note: Round your answer to 2 decimal places. Journalize the adjusting entries. Note: Round your answers to 2 decimal places. Journal entry worksheet 2 4 5 6 7 Record the adjustment entry for beginning inventory. Note: Enter debits before credits. Journal entry worksheet 4 Record the closing entry for revenue and other credit items. Note: Enter debits before credits. Journalize the reversing entries. Note: Record the entries in the order entered in Requirement 5. Round your answers to 2 decimal places. Note: Enter oedics perore creors. 3. Prepare a statement of owner's equity. No additional investments were made during the period. 4. Prepare a classified balance sheet. All notes payable are due within one year. 5. Journalize the adjusting entries. 6. Journalize the closing entries. 7. Journalize the reversing entries. Analyze: By what percentage did the owner's capital account change in the period from January 1,201, to becember 31,201 ? 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, 20X1, to December 31,201 ? Note: Enter your answer in 1 decimal place

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