On January 31, 2016, the general ledger of Meeks Company showed the following account balances. Prepare 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.
ACCOUNTS
Cash ................. 63,000
Accounts Receivable .......... 22,500
Supplies ................ 9,000
Prepaid Insurance ............. 8,200
Equipment ............... 91,500
Accum. Depr.—Equip. ........... 0
Accounts Payable ............. 16,700
Lorraine Meeks, Capital ......... 81,950
Fees Income ............... 117,000
Depreciation Exp.—Equip. ......... 0
Insurance Expense ........... 0
Rent Expense ............... 10,600
Salaries Expense .............. 10,850
Supplies Expense ............. 0
Additional information:
a. Supplies used during January totaled $5,700.
b. Expired insurance totaled $2,050.
c. Depreciation expense for the month was $1,825.