This Website Has Been Moved to a New Link


Loading

E3-11 A partial adjusted trial balance of Ruiz Company

Price: $1.99


E3-11 A partial adjusted trial balance of Ruiz Company at January 31, 2014, shows the
following.



Instructions
Answer the following questions, assuming the year begins January 1.
(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $670 of
supplies was purchased in January, what was the balance in Supplies on January 1?
(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 total premium and when was the
policy purchased?
(c) If $3,300 of salaries was paid in January, what was the balance in Salaries and Wages
Payable at December 31, 2013?

No comments:

Post a Comment