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 $4 200; expired insurance, $5,500; depreciation expense on equipment for the period. $1.600. 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, $4,200; expired insurance, $5,500; depreciati ORTIZ COMPANY Worksheet (Partian Month Ended January 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Account Name Income Stati Debit Cash 5 Accounts receivable Supplies Prepaid insurance Equipment Trial Balance Debit Credit 105,000 21,800 39,400 60.000 109,000 ORTIZ COMPANY Worksheet (Partial Month Ended January 31, 20X1 Adjustments Adjusted Trial Balance Debi Credit Debit Credit Income State Debit Account Name $ Trial Balance Debit Credit 105,000 21. 800 39,400 66,000 109,000 25.800 253,000 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Rank Ortiz, Capital Frank Ortiz Drawing Fees income Supplies expense Insurance expense Sales expense Depreciation expense Equipment Utiles experte 15.400 114.200 32.200 4,200 303.000 $ 393.000 Total wing adjustments: supplies on hand at the end of the month, $4,200; expired insurance, $5,500: depreciation expense on equipment for the period, $1,61 ORTIZ COMPANY Worksheet (Partial Month Ended January 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Deb Credit Income Statement Debit Credit Balance Sheet Debit Credit $ Trial Balance Deba Credit 105.000 21.600 39,400 66.000 109.000 25,800 253,000 15.400 114.200 32,200 4.200 393,000 $ 5 393,000 Prey 1 of 1 Next 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, $4.200; expired insurance. $5,500; depreciation expense on equipment for the period, $1,600 Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze How does the Insurance adjustment affect Prepaid Insurance? Insurance autent the Prepaid insurance account balance
