The balances of the ledger accounts for Buffet Services on September 30, 2013, and the information needed for adjustments are shown below. Prepare the Trial Balance section, record the adjustments, and complete the worksheet. 
Adjustment information:
(a) The supplies were purchased on September 1, 2013. An inventory of supplies showed $1,200 on hand on September 30, 2013.
(b) The amount of Prepaid Insurance represents a payment made September 1, 2013, for a six-month insurance policy.
(c) The equipment, purchased September 1, 2013, has an estimated useful life of 5 years with no salvage value. The firm uses the straight-line method of depreciation. 
Definitions:
Social Regulation
Regulations aimed at improving health, safety, welfare, and well-being of citizens, often including environmental and consumer protection laws.
Consumer Product Safety Commission
A U.S. federal agency responsible for protecting the public from unreasonable risks of injury or death from consumer products through regulation, enforcement, and education.
Industrial Regulation
Government policies and rules designed to control or supervise industries for the purpose of protecting public interests.
Marginal Benefit
The enhanced utility or pleasure that comes from acquiring or making an additional unit of a good or service.
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