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Why cant supplies be 7,600 in the Adjustments column?

Why cant supplies be 30,100 in the Adjusted Trial Balance column?

Why is supplies 7600 in the Balance Sheet column?

The trial balance of Ortiz Company as of January 31, 20X1, 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, $7,600; expired insurance, $7,200; depreciation expense on equipment for the period, $3,300. Analyze: How does the insurance adjustment affect Prepaid Insurance? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,600; expired insurance, $7,200; depreciation expense on equipment for the period, $3,30 Account Name Income Statement Debit Credit Balance Sheet Debit Credit Credit Cash $ $ Trial Balance Debit Credit 103,300 20,100 37,700 55,800 103,300 20,100 7,600 48,600 107,300 107,300 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Frank Ortiz, Capital Frank Ortiz, Drawing Fees income Supplies expense ORTIZ COMPANY Worksheet (Partial) Month Ended January 31, 20X1 Adjustments Adjusted Trial Balance Debit Debit Credit $ 103,300 20,100 7,600 X 30,100 X 7,200 48,600 107,300 3,300 3,300 24,100 251,300 13,700 95,500 30,100 30,100 7,200 7,200 30,500 3,300 3,300 2,500 40,600 18,100 $ 396,700 374,200 24,100 251,300 3,300 24,100 251,300 13,700 13,700 95,500 95,500 Insurance expense 30,500 Salaries expense Depreciation expense-Equipment Utilities expense Sub-totals Net income 30,100 7,200 30,500 3,300 2,500 73,600 21,900 95,500 2,500 370,900 $ 370,900 95,500 300,600 278,700 21,900 300,600 Totals $ $ 95,500 300,600 $

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