Problem 5.1A (Algo) Completing the worksheet. LO 5-2,5-3 The trial balance of Ortiz Company as of January 31, 20X1, after the company completed the first month of operations, is shown in the partial worksheet below. Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $8,000; expired Insurance, $7,400; depreciation expense on equipment for the period, $3,500. Analyze: How does the Insurance adjustment affect Prepald Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $8,000; expired insurance, $7,400; depreciation expense on equipment for the period, $3,500. ORTIZ COMPANY Worksheet (Partial) Month Ended January 31, 20X1 Adjustments Adjusted Trial Balance Debit Credit Debit Credit Trial Balance Account Name Income Statement Debit Credit Balance Sheet Debit Credit Credit Debit 103,100 Cash $ Accounts receivable 19.900 37.500 54.000 107,100 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Frank Ortiz. Capital Frank Ortiz, Drawing 23.900 251,100 13,500 Fees income 93,300 30,300 Supplies expense Insurance expense Salaries expense Depreciation expense-Equipment Utilities expense Sub-totals 2.300 368,300 S $ $ 368,300 $ 0 $ 0 $ 0 0 $ 0 $ 0 $ 0 0 s 0 $ 0 Totals s 0 0 s 0 $ 0 0 $ 0