The trial balance of Dumas Company as of January 31, 2013, after the company completed the first month of operations, is shown in the partial worksheet below.
INSTRUCTIONS
1. Record the trial balance in the Trial Balance section of the worksheet.
2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $6,400; expired insurance, $10,000; depreciation expense for the period, $2,200.
Analyze:
How does the insurance adjustment affect Prepaid Insurance?

Transcribed Image Text:

Dumas Company Worksheet (Partial) Month Ended January 31, 2013 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 104 00000 2 Accounts Receivable 20 8 0 0 00 Supplies 38 40 0 00 60 0 0 0l00 10810 0 이00 Prepaid Insurance 5 Equipment 6 Accumulated Depreciation-Equipment 7 Accounts Payable 8 John Dumas, Capital e John Dumas, Drawing 10 Fees Income 11 Depreciation Expense- Equipment 12 Insurance Expense 13 Salaries Expense 14 Supplies Expense 15 Utitities Expense 16 Totals 24 80 0 00 252100 이 00 14 4 0 oo 1032 0 0 00 31 200 00 3 2 0000 38000000 380 0 00 00