Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
how do I do this? A partial adjusted trial balance of Blossom Company at January 31, 2021, shows the following. Credit BLOSSOM COMPANY Adjusted Trial
how do I do this?
A partial adjusted trial balance of Blossom Company at January 31, 2021, shows the following. Credit BLOSSOM COMPANY Adjusted Trial Balance January 31, 2021 Debit Supplies $2.900 Prepaid Insurance 10.500 Salaries and Wages Payable Unearned Revenue Supplies Expense 3.900 Insurance Expense 1.750 Salaries and Wages Expense 7.100 Service Revenue $4,100 3,700 8.000 Answer the following questions, assuming the year begins January 1. If the amount in Supplies Expense is the January 31 adjusting entry, and $4.800 of supplies was purchased in January, what was the balance in Supplies on January 1? Beginning balance of supplies e Textbook and Media 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 $ The policy was purchased on e Textbook and Media Question Part Score --/1.02 If $10.700 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2020? $ Beginning balance of salaries and wages payable e Textbook and Media If $5,600 was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2020? Beginning unearned revenue December 31, 2020 e Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started