A partial adjusted trial balance of Frangesch Company at January 31, 2019, shown as following.
Frangesch Company
Adjusted Trial Balance
January 31, 2019
Adjusted Trial Balance
January 31, 2019
Instructions
Answer the following questions, assuming the year begins January 1.
- If the amount in Supplies Expense is the January 31 adjusting entry, and $1,000 of supplies was purchased in January, what was the balance in Supplies on January 1?
- 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?
- If $3,800 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2018.
Answer
Frangesch Company
Adjusted Trial Balance Analysis
Adjusted Trial Balance Analysis
