Business, 17.10.2020 21:01 Bryson2148

On January 31, 2019, the general ledger of Palmer Company showed the following account balances. ACCOUNTS
Cash 31,500
Accounts Receivable 11,250
Supplies 4,500
Prepaid Insurance 4,100
Equipment 45,750
Accum. Depr.—Equip. 0
Accounts Payable 8,350
Sadie Palmer, Capital 40,975
Fees Income 58,500
Depreciation Exp.—Equip. 0
Insurance Expense 0
Rent Expense 5,300
Salaries Expense 5,425
Supplies Expense 0
Additional information:
Supplies used during January totaled $2,850.
Expired insurance totaled $1,025.
Depreciation expense for the month was $925.
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.

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

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