E3-11 A partial adjusted trial balance of Frangesch Company a the following. FRANGESCH COMPANY Adjusted Trial Balance January 31, 2017 Debit Credit $ 850 Supplies Prepaid Insurance 2,400 Salaries and Wages Payable $ 920 750 Unearned Service Revenue Supplies Expense Insurance Expense a 950 400 2,900 Salaries and Wages Expense Service Revenue 2,000 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 $1,000 af supplies was purchased in January, what was the balance in Supplies on January 17
E3-11 A partial adjusted trial balance of Frangesch Company a the following. FRANGESCH COMPANY Adjusted Trial Balance January 31, 2017 Debit Credit $ 850 Supplies Prepaid Insurance 2,400 Salaries and Wages Payable $ 920 750 Unearned Service Revenue Supplies Expense Insurance Expense a 950 400 2,900 Salaries and Wages Expense Service Revenue 2,000 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 $1,000 af supplies was purchased in January, what was the balance in Supplies on January 17
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section: Chapter Questions
Problem 1AP
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