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The balances of the ledger accounts for Kravitz Services on January 31,201, and the information needed for adjustments are shown below. Adjustment information: A. The
The balances of the ledger accounts for Kravitz Services on January 31,201, and the information needed for adjustments are shown below. Adjustment information: A. The supplies were purchased on January 1, 20X1. An inventory of supplies showed $600 on hand on January 31,201. B. The amount of Prepaid Insurance represents a payment made January 1, 20X1, for a six-month insurance policy. C. The equipment, purchased January 1,201, 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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