Exercise 4-13 This is a partial adjusted trial balance of Barone Company. BARONE COMPANY Adjusted Trial Balance January 31, 2014  Debit CreditSupplies $790  Prepaid Insurance 1,230  Salaries and Wages Payable   $1,030Unearned…

Exercise 4-13

This is a partial adjusted trial balance of Barone Company.

BARONE COMPANYAdjusted Trial BalanceJanuary 31, 2014

 
 
Debit
 
Credit

Supplies
 
$790
 
 

Prepaid Insurance
 
1,230
 
 

Salaries and Wages Payable
 
 
 
$1,030

Unearned Service Revenue
 
 
 
760

Supplies Expense
 
870
 
 

Insurance Expense
 
410
 
 

Salaries and Wages Expense
 
1,870
 
 

Service Revenue
 
 
 
2,230

Answer these questions, assuming the year begins January 1.

 

 

Your answer is incorrect.  Try again.

 
 

If the amount in Supplies Expense is the January 31 adjusting entry, and $220 of supplies was purchased in January, what was the balance in Supplies on January 1?

The balance in Supplies on January 1
 
$

 

 

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Your answer is incorrect.  Try again.

 
 

If $2,510 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2013?

The balance in Salaries and Wages Payable at December 31, 2013
 
$[removed]

 

 

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Your answer is incorrect.  Try again.

 
 

If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2013?

The balance in Unearned Service Revenue at December 31, 2013
 
$[removed]

 

 

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