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.

Required:

Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $6,600; expired insurance, $6,700; depreciation expense for the period, $2,800.

Analyze: How does the insurance adjustment affect Prepaid Insurance?

Please assist. Thanks.

Complete this question by entering your answers in the tabs below Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $6,600; expired insurance, $6,700; depreciation expense for the period, $2,800 NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment S 103,800 20,600 38,200 58,800 107,800 Accounts Payable Alexander Neal, Capital Alexander Neal, Drawing Fees Income Supplies Expense Insurance Expense Salaries Expense Depreciation Expense Equipment Utilities Expense Sub-Totals 24,600 251,800 14.200 101,000 31,000 3,000 S 377400 377,400 Totals I Worksheet Analyze >