1 The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,000; expired insurance, $6,900; depreciation expense for the period, $3,000. 8 02:11:16 Skipped Analyze: How does the insurance adjustment affect Prepaid Insurance? Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,000; expired insurance, $6,900; depreciation expense for the period, $3,000. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Trial Balance Income Statement Account Name Balance Sheet Debit Credit Debit Credit Debit Credit Cash Accounts Receivable 103,600 20,400 38,000 57,600 107,600 24,400 251,600 14,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Alexander Neal, Capital Alexander Neal, Drawing Fees Income Supplies Expense Insurance Expense Salaries Expense Depreciation Expense-Equipment Utilities Expense Sub Totals 98,800 30,800 2,800 $ 374,800 $ 374,800 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Totals $ 0 $ 0 $ 0 $ 0 Partial Worksheet Analyze > Partial Worksheet Analyze How does the insurance adjustment affect Prepaid Insurance? Insurance adjustment