Page 1 of 1

The following lists selected accounts and their adjusted balances for Ramon Company on January 31, 2022. Insurance Expen

Posted: Sun Jul 03, 2022 1:23 pm
by answerhappygod
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 1
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 1 (17.78 KiB) Viewed 10 times
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 2
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 2 (20.41 KiB) Viewed 10 times
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 3
The Following Lists Selected Accounts And Their Adjusted Balances For Ramon Company On January 31 2022 Insurance Expen 3 (19.94 KiB) Viewed 10 times
The following lists selected accounts and their adjusted balances for Ramon Company on January 31, 2022. Insurance Expense Prepaid Insurance Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Unearned Service Revenue (a) $520 1,560 1,800 Supplies balance -1,060 4,000 700 950 Answer these questions, assuming the year begins January 1. 750 If the amount in Supplies Expense is equal to the January 31 adjustment and $300 of supplies were purchased in January, what was the balance in Supplies on January 17
Answer these questions, assuming the year begins January 1 (a) If the amount in Supplies Expense is equal to the January 31 adjustment and $300 of supplies were purchased in January, what was the balance in Supplies on January 17 Supplies balance $ (b) If the amount in Insurance Expense is equal to the January 31 adjustment and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? 6 Total premium for 1 year Purchase date (c) If $2.500 of salaries were paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 $ $ A
(b) If the amount in Insurance Expense is equal to the January 31 adjustment and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? Total premium for 1 year Purchase date (c) S If $2,500 of salaries were paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 $ (d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2021? (Assume that Accounts Receivable had a zero balance on January 1) Balance in Unearned Service Revenue at December 31, 2021 $