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On January 31, 2019, the general ledger of Palmer Company showed the following account balances ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip
On January 31, 2019, the general ledger of Palmer Company showed the following account balances ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip Accounts Payable Sadie Palmer, Capital Fees Income Depreciation Exp.-Equip Insurance Expense Rent Expense Salaries Expense Supplies Expense 61,700 21,200 7,700 6, 900 90,200 15,400 80,650 110,500 9,300 9,550 Additional information: a. Supplies used during January totaled $5,050 b. Expired insurance totaled $1,725 c. Depreciation expense for the month was $1,500 Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January. PALMER COMPANY Worksheet (Partial) Month Ended January 31, 2019 Adjustments Debit Trial Balance Adjusted Trial Balance Credit Credit Credit Debit Account Name Debit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated DepreciationEquipment Accounts Payable Sadie Palmer, Capital Fees Income Rent Expense Salaries Expense Supplies Expense Insurance Expense Depreciation Expense Equipment Totals
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