Question: Question IU View Policies Current Attempt in Progress A partial adjusted trial balance of Kingbird, Inc. at January 31, 2020, shows the following. st Kingbird,

Question IU View Policies Current Attempt in Progress A partial adjusted trial balance of Kingbird, Inc. at January 31, 2020, shows the following. st Kingbird, Inc. Adjusted Trial Balance January 31, 2020 Debit Credit Supplies $ 900 Prepaid Insurance 2,400 Salaries and Wages Payable $ 800 Unearned Service Revenue 650 Supplies Expense 900 Insurance Expense 400 Salaries and Wages Expense 2,700 2.900 Service Revenue Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $1.200 of supplies was purchased in January, w Supplies on January 1? Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $1,200 of supplies was purchased in January, what was the balance Supplies on January 1? Supplies balance $ (b) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for one year, what was the tot premium and when was the policy purchased? Total premium $ Purchase date (c) If $3,800 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Salaries and wages payable $ M
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
