Apartial adjusted trial balance of sunland company at january 31, 2017, shows the following.
sunland company
adjusted trial balance
january 31, 2020
debit credit
supplies $1,040
prepaid insurance 4,440
salaries and wages payable $1,140
unearned service revenue 1,090
supplies expense 950
insurance expense 740
salaries and wages expense 2,140
service revenue 2,340
answer the following questions, assuming the year begins january 1.
a partial adjusted trial balance of sunland compan
if $2,840 of salaries was paid in january, what was the balance in salaries and wages payable at december 31, 2019?

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?