A partial adjusted trial balance of Fort Lee Company at January 31,2022 , shows the...
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A partial adjusted trial balance of Fort Lee Company at January 31,2022 , shows the following. Required: Answer the following THREE parts. Assume that the year begins on January 1. (a) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for two years, what was the total premium? Your Answer: \$ (b) 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 at December 31, 2021? Your Answer: \$ (c) If $3,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021 ? Your Answer: \$
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A partial adjusted trial balance of Fort Lee Company at January 31,2022 , shows the following. Required: Answer the following THREE parts. Assume that the year begins on January 1. (a) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for two years, what was the total premium? Your Answer: \$ (b) 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 at December 31, 2021? Your Answer: \$ (c) If $3,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021 ? Your Answer: \$ 