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What was the total premium

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Reference no: EM131633038

Question - This is a partial adjusted trial balance of Darcy Designs Pty Ltd.

Darcy Designs Pty Ltd Adjusted trial balance (partial)
as at 31 July 2016

No.

Account name

Debit

Credit

110

Supplies

$1,500

112

Prepaid Insurance

2,310

212

Salaries Payable

$1,440

213

Service Revenue Received in Advance

1,130

400

Service Revenue

3,210

500

Salaries Expense

7,070

505

Supplies Expense

1,300

515

Insurance Expense

770

If the amount in insurance expense is the July adjusting entry, and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased?

Reference no: EM131633038

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