Define partial adjusted trial balance of Ramon Company

Reference no: EM131824009

Question: This is a partial adjusted trial balance of Ramon Company

Instructions: Answer these questions, assuming the year begins January 1.

(a) If the amount in Supplies Expense is the January 31 adjusting entry and $300 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 1 year, what was the total premium and when was the policy purchased?

(d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?

Reference no: EM131824009

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