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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.

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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. Accounts Payable Sadie Palmer, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 62,600 22,100 8,600 7,800 91,100 16, 300 81,550 115,008 10,200 10,450 Additional information: a. Supplies used during January totaled $5,500. b. Expired insurance totaled $1,950. c. Depreciation expense for the month was $1,725 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 Debit djusted Trial Balance Debit Account Name Debit Credit 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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