On January 31, 20X1, the general ledger of Johnson Company showed the following account balances....
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Accounting
On January 31, 20X1, the general ledger of Johnson Company showed the following account balances.
| Accounts | |
| Cash | 61,900 |
| Accounts receivable | 21,400 |
| Supplies | 7,900 |
| Prepaid insurance | 7,100 |
| Equipment | 90,400 |
| Accumulated depreciationEquipment | 0 |
| Accounts payable | 15,600 |
| Elicia Johnson, Capital | 80,850 |
| Fees income | 111,500 |
| Rent expense | 9,500 |
| Salaries expense | 9,750 |
| Supplies expense | 0 |
| Insurance expense | 0 |
| Depreciation expenseEquipment | 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.
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