Current Attempt in Progress Davis Enterprises is owned by Edmund Davis and has a January 31 fiscal year end. The company prepares adjusting entries on an annual basis. The following trial balance was prepared before adjustments: DAVIS ENTERPRISES Trial Balance January 31, 2024 Debit Credit Cash Accounts receivable Prepaid insurance Supplies Equipment $5,060 14,500 4,080 6.680 31.900 Accumulated depreciation-equipment $12,760 7,750 Accounts payable Notes payable 12.800