Adjusted trial balance

January 31,2022

Debit Credit

Salaries and Wages Payable $920

Salaries and Wages Expenses $2900

Supplies $850

Supplies Expense $950

Assuming the year begins at January

Question:

1. If $3,800 of the salaries owed were paid in January, what was the balance in Salaries and Wages Payable at December 31,2021?

2. If the amount in Supplies expense is the January 31 adjusting entry and $1000 of supplies was purchased in January, what was the balance in Supplies on January 1?

Answer rating: 100% (QA)

1 To find the balance in Salaries and Wages Payable at December 31 2021 we need to adjust for the sa... View the full answer