On January 31, 2019, the general ledger of Palmer Company showed the following account balances. ACCOUNTS
Cash 31,500
Accounts Receivable 11,250
Supplies 4,500
Prepaid Insurance 4,100
Equipment 45,750
Accum. Depr.—Equip. 0
Accounts Payable 8,350
Sadie Palmer, Capital 40,975
Fees Income 58,500
Depreciation Exp.—Equip. 0
Insurance Expense 0
Rent Expense 5,300
Salaries Expense 5,425
Supplies Expense 0
Additional information:
Supplies used during January totaled $2,850.
Expired insurance totaled $1,025.
Depreciation expense for the month was $925.
Complete 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.

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