A partial adjusted trial balance of Carla Vista Company at January 31, 2020, shows the...

90.2K

Verified Solution

Question

Accounting

image
image
A partial adjusted trial balance of Carla Vista Company at January 31, 2020, shows the following. Credit CARLA VISTA COMPANY Adjusted Trial Balance January 31, 2020 Debit Supplies $ 900 Prepaid Insurance 1.800 Salaries and Wages Payable Unearned Service Revenue Supplies Expense 800 Insurance Expense 300 Salaries and Wages Expense 2.900 Service Revenue $ 900 850 2.400 Answer the following questions, assuming the ybr begins January 1 (a) If the amount in Supplies Experise is the January 31 adjusting entry and $1,000 of supplies was purchased in January, what was the balance in Supplies on January 1? Supplies balance (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? -/8 E Question 4 of 8 Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $1,000 of supplies was purchased in January, what was the balance in Supplies on January 1? Supplies balance $ (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 $ Purchase date (c) $3,400 of salaries was paid in January, what3was the balance in Salaries and Wages Payable at December 31, 2019 Salaries and wages payable $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Sve for Later

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students