A partial adjusted trial balance of Blossom Company at January 31, 2022, shows the following.
BLOSSOM COMPANY
Adjusted Trial Balance
January 31, 2022

Debit
Credit
Supplies
$ 800
Prepaid Insurance
2,400
Salaries and Wages Payable
$ 700
Unearned Service Revenue
650
Supplies Expense
900
Insurance Expense
400
Salaries and Wages Expense
3,100
Service Revenue
3,500
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 of supplies was purchased in January, what was the balance in Supplies on January 1?
Supplies balance $

Question

02-12-2022
Business

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A partial adjusted trial balance of Blossom Company at January 31, 2022, shows the following.
BLOSSOM COMPANY
Adjusted Trial Balance
January 31, 2022

Debit
Credit
Supplies
$ 800
Prepaid Insurance
2,400
Salaries and Wages Payable
$ 700
Unearned Service Revenue
650
Supplies Expense
900
Insurance Expense
400
Salaries and Wages Expense
3,100
Service Revenue
3,500
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 of supplies was purchased in January, what was the balance in Supplies on January 1?
Supplies balance $

Sagot :

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