A partial adjusted trial balance of Swifty Company at January 31, 2017, shows the following. SWIFTY...

A partial adjusted trial balance of Swifty Company at January 31, 2017, shows the following. SWIFTY COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2017 Debit Credit Supplies $920 Prepaid Insurance 3,720 Salaries and Wages Payable $1,020 Unearned Service Revenue 970 Supplies Expense 950 Insurance Expense 620 Salaries and Wages Expense 2,020 Service Revenue 2,220 Answer the following questions, assuming the year begins January 1.

If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1? Beginning balance of supplies $ =

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?

Total premium $ =

When was the policy purchased? The policy was purchased on .

If $2,720 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2016? Beginning balance of salaries and wages payable $ =

If $1,820 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016? Assume that there are no accounts receivable. Beginning balance of unearned service revenue $ =

Expert Solution

ekkarill92 answered 2 years ago

A partial adjusted trial balance of Cullumber Company at January 31, 2021, shows the following.

Exercise 130A partial adjusted trial balance of Cullumber Company at January 31, 2021, shows the following.CULLUMBER COMPANYAdjusted Trial BalanceJanuary 31, 2021DebitCreditSupplies$3,700Prepaid Insurance8,700Salaries and Wages Payable$2,600Unearned Revenue2,600Supplies Expense4,700Insurance Expense1,450Salaries and Wages Expense7,700Service Revenue8,400Answer the following questions, assuming the year begins January 1.1. If the amount in Supplies Expense is the January 31 adjusting entry, and $3,400 of supplies was purchasedin January, what was the balance in Supplies on January 1?2. If the amount in Insurance Expense is the January 31 adjusting entry, and...

Q1： A partial adjusted trial balance of Rosenberg Company at January 31, 2007 shows the following:...

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A partial adjusted trial balance of Rooney Sports at January 31, 2020, shows the following...

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Exercise 3-07 A partial adjusted trial balance of Skysong Company at January 31, 2020, shows the...

Exercise 3-07 A partial adjusted trial balance of Skysong Company at January 31, 2020, shows the following. SKYSONG COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020 Debit Credit Supplies $850 Prepaid Insurance 3,300 Salaries and Wages Payable $950 Unearned Service Revenue 900 Supplies Expense 950 Insurance Expense 550 Salaries and Wages Expense 1,950 Service Revenue 2,150 Answer the following questions, assuming the year begins January 1. 1. If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of...

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Porter Company shows the following accounts in its partial unadjusted trial balance at December 31, 2017....

Porter Company shows the following accounts in its partial unadjusted trial balance at December 31, 2017. Dr Cr Cash $71,300 Accounts receivable 40,000 Trading securities 7,000 Available for sale securities 50,000 Allowance for Doubtful accounts 2,000 Furniture and Fixtures 181,000 Accumulated depreciation – F&F 14,000 Accounts Payable 10,800 Common Stock 104,000 Retained Earnings 75,000 Service Revenue 324,100 Insurance expense 11,300 Salaries Expense 149,700 Rent Expense 15,600 TOTALS $527,900 $527,900 Additional Information 1. On May 1, 2017, the company paid $8,700...

Exercise 3-11 (Video) A partial adjusted trial balance of Skysong, Inc. at January 31, 2020, shows...

Exercise 3-11 (Video) A partial adjusted trial balance of Skysong, Inc. at January 31, 2020, shows the following. Skysong, Inc. Adjusted Trial Balance January 31, 2020 Debit Credit Supplies $ 900 Prepaid Insurance 1,800 Salaries and Wages Payable $ 900 Unearned Service Revenue 750 Supplies Expense 800 Insurance Expense 300 Salaries and Wages Expense 3,200 Service Revenue 2,000 Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting...

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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,400 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 881,105 Interest Income 5,500 Dividends 9,000 Rent Expense 59,500 Wages Expense 529,000 Supplies Expense 42,000 Utilities Expense 8,000 Depreciation Expense 150,000 ________ Totals $1,530,565 $1,530,565 Use this information to prepare the Single-Step Income Statement for the...

The following is the Frederick Company's adjusted Trial Balance. Frederick Company Adjusted Trial Balance December 31,...

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