CALCULATOR Your answer is partially correct. Try again. Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information. 1. Office supplies at January 31 total $1,000. 2. Insurance coverage expires on October 31, 2020. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable. CULLUMBER COMPANY Worksheet For the Month Ended January 31, 2020 4 PRINTER VERSION Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance She Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cash Accounts Receivable PL Notes Receivable 38000 38000 30000 112 Inventory Supplies E Prepaid Insurance 2500 E Equipment 6450 12 12 Accum. Depreciation-Equipment 4600 113 Notes Payable > % MacBook Pro Hello & 6450 6450 Did CULLUMBER COMPANY Worksheet For the Month Ended January 31, 2020 CALCULATOR PRINTER VERSION BACK NEXT Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr Cash Accounts Receivable Notes Receivable 1 E E 38000 38000 Inventory Supplies B Prepaid Insurance 2500 1727 B Equipment 6450 6450 Accum. Depreciation-Equipment 1600 Notes Payable Accounts Payable Interest Payable Owner's Capital Owner's Drawings Sales Revenue S $ > 96 5 4 MacBook Pro Hello & Did 12 6 7 8 9 17 GL 38000 6450 D Prepaid Insurance Equipment Accum. Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Owner's Capital 17 2500 6450 6450 12 1600 1777 Owner's Drawings E Sales Revenue B R B Sales Returns and Allowances B 12 Sales Discounts Cost of Goods Sold Salaries and Wages Expense Rent Expense Totals Supplies Expense Insurance Expense MacBook Pro Hello & FL Did &7 8 9 D CALCULATOR PRINT Your answer is partially correct. Try again. Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the problem.) Date Account Titles and Explanation Sales Revenue (To close revenue account) D insurance Expense. rent Expense Supplies Salaries and Wages Expense Cost of Goods Sold Debit MacBook Pro Credit Supplies Salaries and Wages Expense Cost of Goods Sold (To close expense accounts) (To close net income) x (To close drawings) LINK TO TEXT LINK TO TEXT Post adjusting and closing entries. (Post entries in the order of Journal entry presented in the previous parts.) General Ledger Cash Date Explanation Jan. 1 Balance No. 101 Ref. Debit Credit Balance V 37,000 31 CR1 67,876 104,876 31 CP1 58,344 46,532 Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance Jan. 1 Balance V 13,200 31 S1 22,700 35,900 31 CR1 12,300 23,600 9 G1 300 23,300 Notes Receivable No. 115 Date Explanation Ref. Debit Credit Balance Jan. 1 Balance v 38,000 Inventory No. 120 Date Explanation Ref. Debit Credit Balance Jan. 1 Balance v 19,500 31 P1 64,600 84,100 31 S1 13,620 70,480 31 CR1 33,420. 37,060 8 CP1 240 37,300 696 36,604 31 CP1 9 G1 180 36,784 200 36,584 18 G1 No. 125 Supplies Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 1,800 2.400 31 13,200 S1 22,700 31 35,900 CR1 12,300 9 23,600 G1 300 Notes Receivable 23,300 Date No. 115 Explanation Ref. Debit Credit Balance Jan. 1 Balance v 38,000 Inventory No. 120 Date Explanation Ref. Debit Credit Balance Jan. 1 Balance V 19,500 31 P1 64,600 84,100 31 $1 13,620 70,480 31 CR1 33,420 37,060 8 CP1 240 37,300 31 CP1 696 36,604 9 G1 180 36,784 18 G1 200 36,584 Supplies No. 125 Date Explanation Jan. 1 Balance 31 Adj. entry CP1 31 Adj. entry G1