The trial balance of Escobedo Company as of January $31,2011,$ after the company completed the first month of operations, is shown in the partial worksheet below.

Required:

Complete the worksheet by making the following adjustments supplies on hand at the end of the month, $$8,200,$ expired insurance. $$7,500,$ depreciation expense on equipment for the period, $$3,600.$

Analyze:

How does the insurance adjustment affect Prepoid Insurance?

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Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $$8,200$; expired insurance, $$7,500$; de