The trial balance of Escobedo Company as of January 31, 20X1, after the company completed the first

Question:

The trial balance of Escobedo Company as of January 31, 20X1, after the company completed the first month of operations, is shown in the partial worksheet below.


INSTRUCTIONS

Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $2,100; expired insurance, $2,750; depreciation expense on equipment for the period, $800.


Analyze: 

How does the insurance adjustment affect Prepaid Insurance?Cash 1 2 Accounts Receivable 3 Supplies 4 Prepaid Insurance 5 Equipment 6 Accumulated Depreciation-Equipment

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Related Book For  answer-question

College Accounting A Contemporary Approach

ISBN: 9781265647308

6th Edition

Authors: M. David Haddock, John Price, Michael Farina

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