If $1,770 was received in January for services performed in January, what was the balance in Unearned
Question:
If $1,770 was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2020?
B) If the amount in Depreciation Expense is the depreciation for one month, when was the equipment purchased?
C) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium, and when was the policy purchased? (Hint: Assume the policy was purchased on the first day of the month.)
D) If the balance in Salaries Payable on January 1, 2021, was $1,220, what was the amount of salaries paid in cash during January?
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine