Question: Financial Analysis using Adjusted Account Data Suppe Selected account balances for the Company are shown below as of January , which reflects accounting aduers. The
Financial Analysis using Adjusted Account Data Suppe Selected account balances for the Company are shown below as of January , which reflects accounting aduers. The fem uses a Calendar year accounting period, bus prepares to contenents Supplies apare Prepaid insurance Mapene mapes Payable But 2.250 a 320 31 Truth Accumulated Depreciation : | 33B a. If the amount in supplies experse epresents the priuary 11 aument for the ripples used in January, and 1150 worth or socies were perdonary what was the ruary begrinin belance of upplies Trud The amount in the mwance experon account presents the quand made your ar norance expert the original insurance presentere, wwwas the rest of the premium, and on Amount of the premium did the race policy The policy depan on me le mure that no begirang balance sted in the interwayatle or wage ena on Jawy.com math and we paid saya K months dit the trucksful life of years for 2 months what is the monthly amount of depreceptas owned Financial Analysis Using Adjusted Account Data Selected T-account balances for Bloomfield Company are shown below as of January 31, which reflect its accounting adjustments. The firm uses a calendar-year accounting period, but prepares monthly accounting adjustments. Prepaid Insurance Supplies Jan. 31 Bal 2,250 Supplies Expense Jan. 31 Bal 2,400 Insurance Expense Jan. 31 Bal 205 Truck Accumulated Depreciation Truck Wages Payable 1.750 31 Bal Wages Expense Jan. 318321.74 Jan. 31 Bal 0.000 5.134 jan 31 Bal a. If the amount in supplies expense represents the January 31 adjustment for the supplies used in January, and 51.550 worth of supplies were purchased during January, what was the January 1 beginning balance of supplies? b. The amount in the insurance expense account represents the adjustment made at January 31 for January insurance expense. If the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? Amount of the premium $ 0 The policy began on June 1 * of the previous year. c. If we assume that no beginning balance existed in either in either wage payable or wage expense on January 1, how much cash was paid as wages during January? d. If the truck has a useful life of six years for 72 months), what is the monthly amount of depreciation expense, and how many months has Bloomfield owned the truck? 0 x months
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