Balance $ 7,400 3,959 2,550 3,270 8,168 Account Name Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Jeff Oleman, Capital Jeff Oleman, Drawing Fees income Advertising expense Rent expense salaries expense Supplies expense Insurance expense Utilities expense Depreciation expense-Equipment 1,990 22,eee 2,480 12,200 789 1,650 5,450 589 Adjustment Information: a. The supplies were purchased on January 1, 20X1. An Inventory of supplies showed $1,080 on hand on January 31, 20X1. b. The amount of Prepaid Insurance represents a payment made January 1, 20X1, for a six-month Insurance policy. c. The equipment, purchased January 1, 20X1, has an estimated useful life of 4 years with no salvage value. The firm uses the straight- line method of depreciation. Prepare the Trial Balance section, record the adjustments, and complete the worksheet. OLEMAN SERVICES Worksheet Month Ended January 31, 20X1 ADJUSTMENTS ADJUSTED TRIAL BALANCE Debit Credit Debit Credit TRIAL BALANCE Debit Credit INCOME STATEMENT Debit Credit BALANCE SHEET Debit Credit ACCOUNT NAME Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Jeff Oleman, Capital Jeff Oleman, Drawing Fees income Advertising expense Rent expense Salaries expense Supplies expense Insurance expense Utilities expense Depreciation expense-Equipment Totals Net income $ $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $