The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below.

Make the following adjustments: supplies on hand at the end of the month, $7,800; expired insurance, $7,300; depreciation expense for the period, $3,400.

How does the insurance adjustment affect Prepaid Insurance?

Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,800; expired insurance, $7,300; depreciation expense for the period, $3,400. NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Trial Balance Adjustments Income Statement Balance Sheet Adjusted Trial Balance Debit Account Name Debit Credit Credit Credit Credit Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Alexander Neal, Capital Alexander Neal, Dra Fees Income Supplies Expense Insurance Expense Salaries Expense Depreciation Expense-Equipment Utilities Expense Sub-Totals 5 103,200 20,000 37,600 55,200 107.200 24,000 251,200 rawing 13,600 94.400 30.400 2,400 5 369,600 369,600 Totals K Partial Worksheet Analyze>