Beachum Calculator Permitted COMPLETING A WORK SHEET The general ledger accounts and balances for Ford Consultants on December 31 of the current year are given below. The business uses a monthly fiscal period ACCOUNT TITLES ACCOUNTBALANCES DEBIT CREDIT CASH 7.200.00 PETTY CASH 200.00 ACCTS. REC-GRAY CO. 100.00 ACCOUNTS. REC.-MARKIN CO 150.00 SUPPLIES 4,500.00 PREPAID INSURANCE 2.500.00 ACCTS. PAY INST SUPPLIES 1,260.00 ACCTS PAY-SULA SUPPLIES 180.00 DEBRA FORD, CAPITAL 10,500.00 DEBRA FORD, DRAWING 500.00 INCOME SUMMARY SALES 5,000.00 ADVERSTISING EXPENSE 240.00 INSURANCE EXPENSE MISCELLANEOUS EXPENSE 50.00 RENT EXPENSE 900.00 SUPPLIES EXPENSE UTILITIES EXPENSE 600.00 Part I: Directions: 1. Prepare the heading and trial balance on the work sheet. Total and rule the Trial Balance columns. Use the work sheet. 2. Analyze the following adjustment information into debit and credit parts. Record the adjustments on the work sheet. Supplies on hand. Value of prepaid insurance. 3. Complete the work sheet. Adjustment Information, December 31 $2.230.00 $2,000.00