Completing the worksheet.The trial balance of Sanchez Company as of February 29, 2016, app...

Completing the worksheet.

The trial balance of Sanchez Company as of February 29, 2016, appears below.

INSTRUCTIONS

1. Record the trial balance in the Trial Balance section of the worksheet.

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2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $2,200; expired rent, $2,000; depreciation expense for the period, $1,000.

Analyze: Why do you think the account Accumulated Depreciation—Equipment has a zero balance on the trial balance shown?