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Exercise 3-07 A partial adjusted trial balance of Coronado Company at January 31, 2020, shows the following. CORONADO COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020
Exercise 3-07 A partial adjusted trial balance of Coronado Company at January 31, 2020, shows the following. CORONADO COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020 Debit Credit Supplies $910 Prepaid Insurance 3,660 Salaries and Wages Payable $1,010 Unearned Service Revenue 960 Supplies Expense 950 Insurance Expense 610 Salaries and Wages Expense 2,010 Service Revenue 2,210 Answer the following questions, assuming the year begins January 1. If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1? Beginning balance of supplies 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? Total premium s When was the policy purchased? The policy was purchased on If $2,710 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Beginning balance of salaries and wages payable s If $1,810 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. Beginning balance of unearned service revenue $ Click you would like to Show Work for this question: Open Show Work
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