Exam 2 Covering Chapter 456 6 The balances of the ledger accounts for Buffet Services on September 30, 2019, and the information needed for adjustments are shown below 50 oints Cash Accounts Receivable Supplies $15,500 8,000 2,980 7,500 18,0a0 011308Prepaid Insurance Equipment Accumulated Depreciation-Equipeent Accounts Payable Jane Buffet, Capital Dane Buffet, Drawing Fees Income Advertising Expense Rent Expense Salaries Expense Supplies Expense Insurance Expense Utilitles Expense Depreciation Expense-Equipment 9,800 40,000 3,500 24,000 2,289 3,988 11,099 1,3e9 Adjustment information: a. The supplies were purchased on September 1, 2019. An inventory of supplies showed $1700 on hand on September 30. 2019 b. The amount of Prepaid Insurance represents a payment made September 1, 2019 for a six-month insurance policy c. The equipment, purchased September 1, 2019, has an estimated useful life of 5 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. Worksheet Month Ended September 30. 2019 TRIAL BALANCE Debit ADJUSTED TRIAL BALANCIE ADJUSTMENTS INCOME STATEMENT L BAL ACCOUNT NAME Debit Debit Cash Accounts Receivable Prepaid Insurance Equipment