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The balances of the ledger accounts for Buffet Services on September 30, 20X1, and the information needed for adjustments are shown below. Account Name

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The balances of the ledger accounts for Buffet Services on September 30, 20X1, and the information needed for adjustments are shown below. Account Name Balance $17,500 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Jane Buffet, Capital Jane Buffet, Drawing Fees income Advertising expense Rent expense Salaries expense Supplies expense Insurance expense Utilities expense Depreciation expense-Equipment Adjustment information: 8.800 3,300 8,700 20,400 8,200 48,000 3,900 28,000 3,000 5,100 11,800 1,700 a. The supplies were purchased on September 1, 20X1. An inventory of supplies showed $2,100 on hand on September 30, 20X1, b. The amount of Prepaid Insurance represents a payment made September 1, 20X1, for a six-month insurance policy. c. The equipment, purchased September 1, 20X1, has an estimated useful life of 5 years with no salvage value. The firm uses the straight-line method of depreciation. Prepare the Trial Balance section, record the adjustments, and complete the worksheet.

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