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Please make the Palmer Chart understandable so I can understand how you solved. On January 31, 2019, the general ledger of Palmer Company showed the
Please make the Palmer Chart understandable so I can understand how you solved.
On January 31, 2019, the general ledger of Palmer Company showed the following account balances OUNTS ach 62,800 22,300 Accounts Receivable Supp Insurance 8,886 91.300 Equipment Accum. Depr-Equip. 16,58 81.750 Sadie Palmer, Capital Fees Income 116,000 Equip. Tosurance E xnense Rent Expense 18,400 18.650 Supn1ies Expense Addltlonal Information: a. Supplies used during January totaled $5.600. b. Expired insurance totaled $2.000. c. Depreciation expense for the month was $1,775. 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 Adjusted Trial Balance Adjustments Credit Account Name Debit Credit Debit Credit Debit Cash arnnunte Raniuahl 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 Account Name Debit Credit Debit Credit Debit 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 S S C C 0 S 0 0Step by Step Solution
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