Business, 20.02.2020 03:36 StudentLife336
On January 31, 2019, the general ledger of Palmer Company showed the following account balances.
Cash
61,300
Accounts Receivable
20,800
Supplies
7,300
Prepaid Insurance
6,500
Equipment
89,800
Accum. Depr.-Equip.
0
Accounts Payable
15,000
Sadie Palmer, Capital
80,250
Fees Income
108,500
Depreciation Exp.-Equip.
0
Insurance Expense
0
Rent Expense
8,900
Salaries Expense
9,150
Supplies Expense
0
Additional information:
a. Supplies used during January totaled $4,850.
b. Expired insurance totaled $1,625.
c. Depreciation expense for the month was $1,400.
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.
Answers: 1
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On January 31, 2019, the general ledger of Palmer Company showed the following account balances.
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