Question: 4. Please show formulas used Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Eapense it the January 31

4. Please show formulas used
 4. Please show formulas used Answer these questions, assuming the year
begins January 1. (a) If the amount in Supplies Eapense it the

Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Eapense it the January 31 adjusting entry and 3354 of supplies was purchased in January. what was the batance in Sopplies on Jamary 1 ? Suppities batance If the amount in Imurance Expense is the January 31 adfusting entry and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? Total premium foc 1 year $ Purchase date (c) If 52.950 of salaries owed were pald in Janwary, what was the balance in Salarles and Wages Payable at December 31, 2021? Batance in 5 slaries and Wages Payable at December 31, 2021 $ (d) Dtalance in Unearned Servicet fleverus it December 31, 2021

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!