Adjusted Trial Balance
January 31, 2014
Debit CreditSupplies $790 Prepaid Insurance 1,230 Salaries and Wages Payable $1,030Unearned Service Revenue 760Supplies Expense 870 Insurance Expense 410 Salaries and Wages Expense 1,870 Service Revenue 2,230
Answer these questions, assuming the year begins January 1.
Your answer is incorrect. Try again. If the amount in Supplies Expense is the January 31 adjusting entry, and $220 of supplies was purchased in January, what was the balance in Supplies on January 1?The balance in Supplies on January 1 $ LINK TO TEXTLINK TO TEXTLINK TO TEXTYour answer is incorrect. Try again. If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased?The total premium for 1 year $Purchased date May 1, 2013April 1, 2013June 1, 2013 LINK TO TEXTLINK TO TEXTLINK TO TEXTYour answer is incorrect. Try again. If $2,510 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2013?The balance in Salaries and Wages Payable at December 31, 2013 $ LINK TO TEXTLINK TO TEXTLINK TO TEXTYour answer is incorrect. Try again. If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2013?The balance in Unearned Service Revenue at December 31, 2013 $ LINK TO TEXTLINK TO TEXTLINK TO TEXT
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