Exercise 5.3 (Algo) Worksheet through Adjusted Trial Balance. LO 5-1, 5-2On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances.AccountaCashAmount62,500Accounts receivable22,000Supplies8,500Prepaid insurance7,700Equipment91,000Accumulated depreciation-Equipment0Accounts payable16,200Shelia Benjamin, Capital81,450Fees income114,500Rent expense10,100Salaries expense10,350Supplies expense000Insurance expenseDepreciation expense-EquipmentAdditional Information:a. Supplies used during January totaled $5,450.b. Expired insurance totaled $1,925.c. Depreciation expense for the month was $1,700.Complete the worksheet through the Adjusted Trial Balance section. Assume that every account has the normal debit or creditbalance. The worksheet covers the month of January.

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Description: Exercise 5.3 (Algo) Worksheet through Adjusted Trial Balance. LO 5-1, 5-2On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances.AccountaCashAmount62,500Accounts receivable22,000Supplies8,500Prepaid insuranc

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On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances. Accounts Cash Accounts receivable Amount 62,500 22,000 Supplies 8,500 Prepaid insurance 7,700 Equipment 91,000 Accumulated depreciation-Equipment 0 Accounts payable 16,200 Shelia Benjamin, Capital 81,450 Fees incone 114,500 Rent expense 10,100 Salaries expense 10,350 0 Supplies expense Insurance expense Depreciation expense-Equipment Additional information: a. Supplies used during January totaled $5,450. b. Expired Insurance totaled $1,925. c. Depreciation expense for the month was $1,700. 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

On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances. Accounts Cash Accounts receivable Amount 62,500 22,000 Supplies 8,500 Prepaid insurance 7,700 Equipment 91,000 Accumulated depreciation-Equipment 0 Accounts payable 16,200 Shelia Benjamin, Capital 81,450 Fees incone 114,500 Rent expense 10,100 Salaries expense 10,350 0 Supplies expense Insurance expense Depreciation expense-Equipment Additional information: a. Supplies used during January totaled $5,450. b. Expired Insurance totaled $1,925. c. Depreciation expense for the month was $1,700. 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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