A partial adjusted trial balance of Sunland Company at January 31, 2020, shows the following. SUNLAND COMPANY Adjusted Trial Balance January 31, 2020 Debit Credit Supplies $ 800 Prepaid Insurance 2,400 Salaries and Wages Payable $ 900 Unearned Service Revenue 650 Supplies Expense 800 Insurance Expense 400 Salaries and Wages Expense 3,000 Service Revenue 2,900 Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $ 1,100 of supplies was purchased in January, what was the balance in Supplies on January 1? Supplies balance $ enter a Supplies balance in dollars (b) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for one year, what was the total premium and when was the policy purchased? Total premium $ enter a dollar amount Purchase date select a purchase date (c) If $ 3,800 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Salaries and wages payable $ enter a balance in Salaries and wages payable in dollars
QUESTION 4.
A partial adjusted
|
SUNLAND COMPANY |
||||
|---|---|---|---|---|
|
Debit |
Credit |
|||
|
Supplies |
$ 800 | |||
|
Prepaid Insurance |
2,400 | |||
|
Salaries and Wages Payable |
$ 900 | |||
|
Unearned Service Revenue |
650 | |||
|
Supplies Expense |
800 | |||
|
Insurance Expense |
400 | |||
|
Salaries and Wages Expense |
3,000 | |||
|
Service Revenue |
2,900 |
Answer the following questions, assuming the year begins January 1.
(a) If the amount in Supplies Expense is the January 31
| Supplies balance | $ enter a Supplies balance in dollars |
(b) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for one year, what was the total premium and when was the policy purchased?
|
Total premium |
$ enter a dollar amount | |
|---|---|---|
|
Purchase date |
select a purchase date |
(c) If $ 3,800 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019?
| Salaries and wages payable | $ enter a balance in Salaries and wages payable in dollars |
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