Exercise 5.3 (Algo) Worksheet through Adjusted Trial Balance. LO 5-1, 5-2

On January 31, 20X1, the general ledger of Johnson Company showed the following account balances. Accounts Cash 62,600 Accounts receivable 22,100 Supplies 8,600 Prepaid insurance 7,800 Equipment 91,100 Accumulated depreciation—Equipment 0 Accounts payable 16,300 Elicia Johnson, Capital 81,550 Fees income 115,000 Rent expense 10,200 Salaries expense 10,450 Supplies expense 0 Insurance expense 0 Depreciation expense—Equipment 0 Additional information: Supplies used during January totaled $5,500. Expired insurance totaled $1,950. Depreciation expense for the month was $1,725. 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.  

Still stressed from student homework?
Get quality assistance from academic writers!