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2. Below is a partial adjusted trial balance for Goode Urban Golf Range, as of December 31, 2021. Account Accounts receivable Supplies Prepaid insurance Deferred
2. Below is a partial adjusted trial balance for Goode Urban Golf Range, as of December 31, 2021. Account Accounts receivable Supplies Prepaid insurance Deferred revenue Salaries payable Interest payable Sales revenue Event revenue Salaries expense Supplies expense Insurance expense Interest expense Additional information: Debit $ 40,000 Credit 9,000 7,600 $ 6,600 8,000 2,000 800,000 19,800 200,000 7,000 4,320 2,000 Last year, a corporate client paid a 12-month event fee of $26,400 cash for one planned event per month at Goode Golf to be applied over 12 months. Supplies inventory shows $6,000 of supplies on hand at December 31, 2021. A two-year insurance policy was paid in full on its start date, September 1, 2021. The premium had increased from last year. YOU MUST SHOW LABELLED CALCULATIONS TO EARN FULL CREDIT. 2-1. If interest expense relates to 6 months of interest expense on a 10% note payable. What is the principal of the note payable? 2-2. If there had been beginning salaries payable of $5,000, how much cash was paid on salaries during 2022? 2-3. How many months remain in the 12-month corporate event contract? 2-4. If the supplies balance increased by $2,500, what was the amount of supplies purchased during the year? More over 2-5. What was the price of the two-year insurance policy purchased in September? By how much did the company's premium increase over the prior year's monthly premium
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