Question
This is a partial adjusted trial balance of Darcy Designs Pty Ltd. Darcy Designs Pty Ltd Adjusted trial balance (partial) as at 31 July 2016
This is a partial adjusted trial balance of Darcy Designs Pty Ltd.
Darcy Designs Pty Ltd
Adjusted trial balance (partial)
as at 31 July 2016
No.Account nameDebitCredit110Supplies$1,460112Prepaid Insurance2,190212Salaries Payable$1,420213Service Revenue Received in Advance1,080400Service Revenue2,760500Salaries Expense7,960505Supplies Expense1,130515Insurance Expense730
Answer the following questions, assuming the year begins on 1 July.(Hint: Reconstruct the T accounts to help answer these questions.)
If $6,820of salaries was paid in July, what was the balance in salaries payable at 30 June 2016?
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