Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $4,200; expired Insurance, $5,500; depreciation expense on equipment for the period, $1,600. Analyze: How does the Insurance adjustment affect Prepaid Insurance? Answer is not complete. 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, $4,200; expired insurance, $5,500; depreciation expense on equipment for the period, $1,600. ORTIZ COMPANY Worksheet (Partial) Month Ended January 31, 20X1 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash S 105,000 $ 105,000 S 105,000 Accounts receivable Supplies Prepaid insurance Equipment 21,800 21,800 21,800 39,400 35,200 4,200 4,200 66,000 5,500 60,500 60,500 109,000 109,000 109,000 Accumulated depreciation-Equipment 1,600 1,600 Accounts payable Frank Ortiz, Capital Frank Ortiz, Drawing 25,800 253,000 25,800 253,000 1,600 25,800 253,000 15,400 15,400 15,400 Fees income Supplies expense 114,200 114,200 114,200 35,200 35,200 35,200 Insurance expense Salaries expense Depreciation expense-Equipment 5,500 5,500 5,500 32,200 32,200 32,200 1,600 1,600 1,600 Utilities expense Sub-totals 4,200 4,200 4,200 S 393,000 $ 393,000 S 42,300 S 42,300 $ 394,600 S 394,600 S 78,700 $ 114,200 35,500 S 315,900 S 280,400 35,500 Totals S 114,200 S 114,200 S 315,900 S 315,900 < Partial Worksheet Analyze >