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Exercise 3-07 A partial adjusted trial balance of Bramble Company at January 31, 2020, shows the following. BRAMBLE COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020
Exercise 3-07
A partial adjusted trial balance of Bramble Company at January 31, 2020, shows the following.
BRAMBLE COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020 | ||||||
Debit | Credit | |||||
Supplies | $930 | |||||
Prepaid Insurance | 3,780 | |||||
Salaries and Wages Payable | $1,030 | |||||
Unearned Service Revenue | 980 | |||||
Supplies Expense | 950 | |||||
Insurance Expense | 630 | |||||
Salaries and Wages Expense | 2,030 | |||||
Service Revenue | 2,230 |
Answer the following questions, assuming the year begins January 1.
If $1,830 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2019? Assume that there are no accounts receivable.
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