Question: Letterman Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data. During February no events occurred that
Letterman Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data.

During February no events occurred that affected these accounts, but at the end of February the following information was available.(a) Supplies on hand $515(b) Monthly depreciation $257(c) Accrued interest $ 50InstructionsReproduce the data that would appear in the February worksheet, and indicate the amounts that would be shown in the February incomestatement.
Adjusted Trial Balance Debit Trial Balanco Debit 3,256 Adjustments Debit Account Title Credit (a) 1,500 (b) 257 50 Credit Credit Supples Accumulated Deprociation-Equipment Interest Payable Supplies Expense Depreciation Expense Interest Expense 1,756 7,710 100 7,967 150 (c) (a) 1,500 (b) 257 50 1.500 257 (c) 50
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