The trial balance of Martinez Company as of February 28, 2019, appears below.

INSTRUCTIONS
1. Record the trial balance in the Trial Balance section of the worksheet.
2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $1,100; expired rent, $1,000; depreciation expense for the period, $500.
Analyze: Why do you think the account Accumulated Depreciation-Equipment has a zero balance on the trial balance shown?

Transcribed Image Text:

Martinez Company Worksheet (Partial) Month Ended February 28, 2019 TRIAL BALANCE ACCOUNT NAME DEBIT 3 2 quipmen 9 Julie Martinez, Capital Julie Martinez, Drawing 49 2 50 00 27101010100 11Depreciation Expense-Equipment 3 8 2 82 2 5 0