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Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense

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Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Account Name Income Statement Debit Credit Balance Sheet Debit Credit $ Trial Balance Debit Credit 103,500 20,300 37,900 57,000 107,500 24,300 251,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Alexander Neal, Capital Alexander Neal, Drawing Fees Income Supplies Expense Insurance Expense Salaries Expense Depreciation Expense-Equipment Utilities Expense SubTotals 13,900 97,700 30,700 $ 2,700 373,500 S 373,500 Totals

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