The balances of the ledger accounts for Oleman Services on January 31, 20x1, and the information needed for adjustments are shown below Balance SB,000 4.250 3,000 1,530 5,520 Account Name Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Jeft Oleman, Capital Jeff Oleman, Drawing Fees income Advertising expense Rent expense Salaries expense Supplies expense Insurance expense Utilities expense Depreciation expense-Equipment 1,400 20.500 3,000 12,700 900 1.950 5,750 700 Adjustment information: a. The supplies were purchased on January 1, 20X1. An inventory of supplies showed $1,040 on hand on January 31, 20X1. 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, 20x1, has an estimated useful life of 4 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. OLEMAN SERVICES Worksheet Month Ended January 31, 20x1 ADJUSTMENTS ADJUSTED TRIAL BALANCE Debit Credit Debit Credit INCOME STATEMENT Det Cred BALAN Dab TRIAL BALANCE Debit Credit ACCOUNT NAME Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable oleman Capital Jelleman, Drawing Tencome Advertising expense Rand expense Salis expense Sess pense e expense Unsere Depreciation expense-Equipment Total OS OS Os 0 1 hart > TRIAL BALANCE Debit Credit Month Ended January 31, 20X1 ADJUSTMENTS ADJUSTED TRIAL BALANCE Debit Credit Debit Credit INCOME STATEMENT Debit Credit BALANCE SHEET Debt Credit AME Equipment 03 Os DS que 05 OS OS OS $ OS 5 OS