A. Prepare the adjustment entries. B. Make the entries in the ledger. C. Prepare the adjusted trial balance.

Use the following information to complete the exercise:

At the end of January, Carnes del Pas had materials (supplies) in the amount of $2,000. At the end of January, the month of the prepaid insurance account, paid for the entire year, was used up. Depreciation of equipment is $1,500. There is a salary liability at January 31, 2020 of $600. The account balances before adjustments are as follows:

CASH	200,550
prepaid insurance	25,000
supplies	6,000
equipment	35,000
accounts receivable	122,850
notes payable	42,800
accounts payable	50,000
Carmelo Ruiz, capital	169,100
Carmelo Ruiz, (drawing)	20,000
Fee earned	839,500
utilities expense	24,500
salary expense	620,000
advertising expense	3,500
rent expense	45,00