On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances.
Accounts Amount
Cash 61,900
Accounts receivable 21,400
Supplies 7,900
Prepaid insurance 7,100
Equipment 90,400
Accumulated depreciation—Equipment 0
Accounts payable 15,600
Shelia Benjamin, Capital 80,850
Fees income 111,500
Rent expense 9,500
Salaries expense 9,750
Supplies expense 0
Insurance expense 0
Depreciation expense—Equipment 0
Additional information:
Supplies used during January totaled $5,150.
Expired insurance totaled $1,775.
Depreciation expense for the month was $1,550.
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.