Reference no: EM132477040

On January 31, 2019, the general ledger of Palmer Company showed the following account balances.

ACCOUNTS

Cash                                             62,700

Accounts Receivable                         22,200

Supplies                                           8,700

Prepaid Insurance                             7,900

Equipment                                       91,200

Accum. Depr.-Equip.0Accounts Payable 16,400

Sadie Palmer, Capital                        81,650

Fees Income                                 115,500

Depreciation Exp.-Equip.                           0

Insurance Expense                                0

Rent Expense                                   10,300

Salaries Expense                                10,550

Supplies Expense                                     0

Additional information:

• Supplies used during January totaled $5,550.
• Expired insurance totaled $1,975.
• Depreciation expense for the month was $1,750.

Question 1: How do you complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or credit balance. The worksheet covers the month of January.