PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600 5,500 Cash Prepaid insurance 3,000 Office supplies 900 Office equipment Accumulated amort.-office equipment4,500 Accounts payable Salary payable Unearned service revenue Bill Johnson, Capital 14,900 Bill Johnson, Withdrawals Service revenue Salary expense 11,800 Amort, expense-office equipment 0 Supplies expense Insurance expense 11,000 29,700 Adjustment data: Office supplies on hand December 31, 2019, $500 Prepaid insurance expired during 2019, $275 Unearned service revenue, December 31, 2019, $1,500 Amortization on equipment for 2019, $2,800 Accrued salaries, $1,800 PRACTICE QUESTION 1 ated for each of the following independent situations. Compute the amounts indicated for each Situation AB $1,300 $600 $3,300 $2,500 $4,300 $2,600 Beginning prepaid insurance balance Cash payments for linsurance during the year Ending prepaid insurance balance Insurance expense on the income statement $1,400 $4,250 $600 $2,600 $1,700 | $1,150 || nn LCTICE QUESTION 2 ra nnd adiustment data are PRACTICE QUESTION 2 The following unadjusted account balances and punt balances and adjustment data are for Global Advertising, on Dec.31: 0 Cash $14,000 Prepaid insurance 3,000 Office supplies 900 Office equipment 15,500 Accumulated amort.-office equipment4,500 Accounts payable 1,600 Salary payable Unearned service revenue 5,500 Bill Johnson, Capital 14,900 Bill Johnson, Withdrawals 11,000 Service revenue 29,700 Salary expense 11,800 Amort. expense-office equipment 0 Supplies expense Insurance expense Adjustment data: Office supplies on hand December 31, 2019, $500 Prepaid insurance expired during 2019, $275 Unearned service revenue, December 31, 2019, $1,500 Amortization on equipment for 2019, $2,800 Accrued salaries, $1,800 is and adjusted trial balance columns in the following table Fill in the trial balance, adjustments, and adjusted trial balance on Global Advertising Preparation of Adjusted Trial Balance December 31, 2019 Unadjusted Account Trial Balance Adjustments Adjusted Trial Balance Credit Debit Credit Debit 1 Credit Cash Prepaid Insurance Office Supplies Office Equipment Accumulated Amort- Office Equipment Accounts Payable Salary Payable Unearned Service Revenue Bill Johnson, Capital Bill Johnson, Withdrawals Service Revenue Salary Expense YS Amortization Expense-Office Equipment Supplies Expense Insurance Expense Total
