The balances of the ledger accounts for Buffet Services on September 30, 20X1, and the information needed for adjustments are shown below. Balance $13,000 7,000 2,400 6,000 15,000 Account Name 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 6,800 35,000 3,000 19,000 1,200 2,400 10,000 800 Adjustment information: A. The supplies were purchased on September 1, 20X1. An inventory of supplies showed $1,200 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. BUFFET SERVICES Worksheet Month Ended September 30, 20X1 ADJUSTMENTS ADJUSTED TRIAL BALANCE Debit Credit Credit TRIAL BALANCE BALANC INCOME STATEMENT Debit Credit ACCOUNT NAME Credit Debit Debit Cash $ Debit 13,000 7,000 2,400 6,000 1,200 1,000 15,000 250 6,800 35,000 3,000 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 Totals 19,000 1,200 2,400 10,000 1,200 1,000 800 250 2,450 $ $ 60,800 $ 60,800 $ 2,450 $ S 0 $ 0 $ 0 $ 0 Net income $ 0 $ 0 $ 0 BUFFET SERVICES Worksheet Month Ended September 30, 20X1 ADJUSTED TRIAL ADJUSTMENTS BALANCE Debit Credit Debit Credit INCOME STATEMENT BALANCE SHEET Debit Credit Debit Credit $ TRIAL BALANCE Debit Credit 13,000 7,000 2.400 6,000 1,200 1,000 15,000 250 6,800 35,000 3,000 19,000 1,200 2,400 10.000 1,200 1,000 800 250 2,450 $ $ 60,800 $ 60.800 $ 2,450 $ 0 $ 0 $ 0 S 0 S 0 $ 0 $ 0 $ 0 0 S 0 $ 0