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Home / Questions / The trial balance of Neal Company as of January 31, 2019, after the company completed the first mont

The trial balance of Neal Company as of January 31, 2019, after the company completed the first mont

The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown

Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making

The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. 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 for the period, $800. Analyze: How does the insurance adjustment affect Prepaid 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, $2,100; expired insurance, $2,750; depreciation NEAL COMPANY Worksheet (Partial) Month Ended January 31, 2019 Adjusted Trial Balance Adjustments Trial Balance Income Statement Balance Sheet Account Name Credit Debit Credit Debit Debit Credit Debit Credit Debit Credit Cash 52,500 Accounts Receivable 10,900 Supplies 19,700 Prepaid Insurance 33,000 Equipment Accumulated Depreciation-Equipment 54,500 Accounts Payable 12,900 126,500 Alexander Neal, Capital Alexander Neal, Drawing 7,700 Fees Income 57,100 Supplies Expense Insurance Expense Salaries Expense Depreciation Expense Equipment 16,100 Utilities Expense 2,100 $196.500 $ 196,500 0$ 0 $ S Sub-Totals 0 Totals 0 Partial Worksheet Analyze

 

Apr 08 2020 View more View Less

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