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Second 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
Second 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 Uneamed 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 uncared revenues were camed 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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