Exercise 3-7

A partial adjusted trial balance of Piper Company at January 31, 2017, shows the following.

PIPER COMPANY

ADJUSTED TRIAL BALANCE

JANUARY 31, 2017

Debit Credit

Supplies $700

Prepaid Insurance 2,400

Salaries and Wages Payable $800

Unearned Service Revenue 750

Supplies Expense 950

Insurance Expense 400

Salaries and Wages Expense 1,800

Service Revenue 2,000

Answer the following questions, assuming the year begins January 1.

If $1,600was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016? Assume that there are no accounts receivable.

Beginning balance of unearned service revenue _________?

I an doing x+1600-750=2000 but got the wrong answer. I only have on more chance and am thinking that I need to flip the 750 and 2000?