The trial balance of Ortiz Company as of January 31,20X1, after the company completed the...
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The trial balance of Ortiz Company as of January X after the company completed the first month of operations, is shown in the partial worksheet below. Required: Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $; expired insurance, $; depreciation expense on equipment for the period, $ Analyze: How does the insurance adjustment affect Prepaid Insurance?
The trial balance of Ortiz Company as of January X after the company completed the first month of operations, is shown in the partial worksheet below.
Required:
Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $; expired insurance, $; depreciation expense on equipment for the period, $
Analyze:
How does the insurance adjustment affect Prepaid Insurance?
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