Q1

A partial adjusted trial balance of Rosenberg Company at January 31, 2007 shows the following:

Rosenberg Company

Adjusted Trial Balance

January 31, 2007

Debit Credit

Supplies $1,850

Prepaid Insurance 3,500

Salaries Payable $1,800

Unearned Revenue 1,750

Supplies Expense 1,950

Insurance Expense 500

Salaries Expense 2,800

Service Revenue 2,500

Use only the above partial account information to answer questions 4447 assuming the year begins January 1.

If the amount in Supplies Expense is the January 31 adjusting entry and $1,000 of supplies was purchased in January, what was the beginning balance in Supplies on January 1?

Group of answer choices

$ 950

$ 850

$ 900

$2,800

$1,100

Refer to question Q1

If $2,000 cash was received in January for services performed in January, what was the balance in Unearned Revenue at January 1?

Group of answer choices

$3,750

$2,250

$1,250

$ 250

$1,750

Refer to question Q1

If $3,500 of salaries was paid in January, and $2,800 of salaries expense was accrued in January, what was the balance in Salaries Payable at January 1?

Group of answer choices

$2,500

$5,300

$4,500

$4,600

$2,450

Refer to question Q1

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?

Group of answer choices

$3,000

$6,000

$5,500

$4,000

$8,000