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On January 31, 2019, the general ledger of Palmer Company showed the following account balances ACCOUNTS Cash 61,300 20,800 7,300 6,500 89,800 Accounts Receivable Supplies

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On January 31, 2019, the general ledger of Palmer Company showed the following account balances ACCOUNTS Cash 61,300 20,800 7,300 6,500 89,800 Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. 15,000 Accounts Payable 80,250 108,500 Sadie Palmer, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense 8,900 9,150 Rent Expense Salaries Expense Supplies Expense Additional information: a. Supplies used during January totaled $4,850 b. Expired insurance totaled $1,625 c. Depreciation expense for the month was $1,400 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 Trial Balance Adjustments Adjusted Trial Balance Debit Debit Debit Credit Account Name Credit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Sadie Palmer, Capital Fees Income Rent Expense Salaries Expense Supplies Expense Insurance Expense Depreciation Expense-Equipment Totals

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