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The trial balance of Sky Company on January 31, 2020 is shown below. Sky CMS Trike January 31, 2020 ACES Debit Credit Cash 30.000 Prepaid

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The trial balance of Sky Company on January 31, 2020 is shown below. Sky CMS Trike January 31, 2020 ACES Debit Credit Cash 30.000 Prepaid Insurance 66,000 Supplies 33.000 Equipment 720,000 Accumulated Depreciation 135.000 - Equipment Notes 120,000 Payable Accounts 72.000 Payable Sky, Capital 459,000 Sky. 72.000 Drawings Service 147.000 Revenue Ubilities 12.000 Expense Total 983 000983.0 Other information 1. Depreciation of equipment for January was 510.000 2. Rent owed for the month of January but will not be paid until February, 2020 was $15.000 2. The amount of insurance that expired in the month of January was 56,000 4. Salaries owed for the month of January but will not be paid until February, 2020 was $25.000 5. A physical count of supplies indicates $10.000 on hand at January 31 The trial balance of Sky Company on January 31, 2020 is shown below. Sky Company Trial Balance January 31, 2020 Accounts Debit Credit 30,000 66.000 33.000 720.000 135.000 Cash Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Sky, Capital Sky Drawings Service Revenue Utilities Expense Total 120.000 72.000 459.000 22.000 147,000 12.000 933,000 933.000 Other Information 1. Depreciation of equipment for January was 510.000. 2. Rent owed for the month of January but will not be paid until February2020 was $15.000 3. The amount of insurance that expired in the month of January was 56,000 4. Salaries owed for the month of January but will not be paid until February, 2020 was $25.000 5. A physical count of supplies indicates $10,000 on hand at January 31, Required: Prepare the adjusting entries required on January 31, 2020

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