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Exercise 3-11 (Video) A partial adjusted trial balance of Cullumber Company at January 31, 2020, shows the following. CULLUMBER COMPANY Adjusted Trial Balance January 31,
Exercise 3-11 (Video) A partial adjusted trial balance of Cullumber Company at January 31, 2020, shows the following. CULLUMBER COMPANY Adjusted Trial Balance January 31, 2020 Debit Credit $ 900 3,000 $ 800 650 Supplies Prepaid Insurance Salaries and Wages Payable Unearned Service Revenue Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue 800 500 3,100 3,300 Answer the following questions, assuming the year begins January 1. (a) 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 on January 1? Supplies balance (b) 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 and when was the policy purchased? Total premium Purchase date (c) If $3,100 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Salaries and wages payable Click if you would like to Show Work for this question: Open Show Work Activate Windows Go to Settings to activate Windows. LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE i 2:33 PM 3/23/2021
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