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Problem 5-92 (Algo) The balances of the ledger accounts... The balances of the ledger accounts for Buffet Services on September 30. 20xi, and the information

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Problem 5-92 (Algo) The balances of the ledger accounts... The balances of the ledger accounts for Buffet Services on September 30. 20xi, and the information needed for atjustinents are shown below. Adjustment information: a. The supplies were purchased on September 1, 20xi. An inventory of supplies showed $2,700 on hand on September 30 , 20xi. b. The amount of Prepaid Insurance represents a payment made September 1, 20xi, for a six-month insurance poticy. C. The equipment, purchased September 1,201, has an estimated useful life of 5 years with no salvage value. The firm uses the straight-line method of depreciation. Prenare the Trial Balance section, record the adjustments, and complete the worksheet

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