The trial balance of Ortiz Company as of January 31, 20X1, 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 Prepaid Insurance? 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, $8,200; expired Insurance, $7,500; depreciation expense on equipment for the period, $3,600. Cash ORTIZ COMPANY Worksheet (Partial) Month Ended January 31, 20X1 Trial Balance Adjustments Account Name Debit Credit Debit Credit Adjusted Trial Balance Debit Income Statement Balance Sheet Credit Debit. Credit Debit Credit S 103,000 19.800 37.400 54,000 107.000 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Frank Ortiz. Capital Frank Ortiz, Drawing Fees income Supplies expense Insurance expense Salaries expense Depreciation expense-Equipment Utilities expense Sub-totals Totals 23.800 251,000 13.400 92 200 30,200 2.200 S 367,000 $ 367,000 Partial Worksheet Analyze >