BARONE COMPANY
Adjusted Trial Balance
January 31, 2014
Debit Credit
Supplies
Prepaid Insurance
$700
1,560
Salaries and Wages Payable
$1,060
Unearned Service Revenue
750
Supplies Expense 950
Insurance Expense 520
Salaries and Wages Expense
Service Revenue
1,800
4,000
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