Question
question : you have the following adjusted Trial balance at 31/12/2017: Adjusted trial balance Account title Dr Cr A/R 20000 Supplies 1000 Equipment 37000 Accumulated
question : you have the following adjusted Trial balance at 31/12/2017:
Adjusted trial balance | ||
Account title | Dr | Cr |
A/R | 20000 | |
Supplies | 1000 | |
Equipment | 37000 | |
Accumulated depreciation | 35000 | |
AP | 24000 | |
Share capital | 22000 | |
Retained earnings | 8000 | |
Dividends | 3000 | |
Prepaid insurance | 8000 | |
Rent revenue | 8000 | |
Salaries expense | 25000 | |
Unearned service revenue | 5000 | |
Service revenue | 25000 | |
Total | ||
Depreciation expense | 25000 | |
Supplies expense | 9000 | |
Salaries payable | 5000 | |
Insurance expense | 4000 | |
Total | 132000 | 132000 |
Answer the followings
The company had supplies on hand at 1/1/2017 of 6,000. How much supplies were purchased during 2017? | |
Assume prepared insurance were paid 5 years ago and it is consumed equally annually. and the remaining will be expired by 31/12/2019. how much was the prepaid when first paid? | |
Assume the company had salaries payable of 7,000 at 1/1/2017. how much the salaries paid during 2017? | |
Assume that three quarters of the unearned revenues were earned during 2017, how much is the unearned revenues in the Trial balance before adjustment? | |
Assume depreciation expense presents annual depreciation. what is the balance of accumulated depreciation on 31.12.2018? |
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