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CH 4 HOMEWORK Question 13 The following lists selected accounts and their adjusted balances for Sheridan Company on January 31, 2022. Answer these questions, assuming
CH 4 HOMEWORK Question 13 The following lists selected accounts and their adjusted balances for Sheridan Company on January 31, 2022. Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is equal to the January 31 adjustment and $246 of supplies were purchased in January, what was the balance in Supplies on January 1 ? Supplies balance q (b) If the amount in Insurance Expense is equal to the January 31 adjustment and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? Total premium for 1 year $ Purchase date (c) If $2,050 of salaries were paid in January, what was the balance in Salaries and Wages Payable at December 31,2021 ? Balance in Salaries and Wages Payable at December 31, 2021 (d) If $1,476 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31,2021 ? (Assume that Accounts Receivable had a zero balance on January 1.) Balance in Unearned Service Revenue at December 31,2021$
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