Assuming the year begins January 1, answer the following questions.

(a) If the amount in Supplies Expense is the January 31 adjusting entry and $1,200 of supplies was purchased in January, what was the balance in Supplies on January 1? Supplies balance $enter a Supplies balance in dollars

(b) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for one year, what was the total premium and when was the policy purchased? Total premium $enter a dollar amount Purchase date select a purchase date

(c) If $3,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Salaries and wages payable $enter a balance in Salaries and wages payable in dollars

CARLA VISTA COMPANY

Adjusted Trial Balance

January 31, 2020 Debit Credit

Supplies $ 800

Prepaid Insurance 3,000

Salaries and Wages Payable $ 700

Unearned Service Revenue 650

Supplies Expense 900

Insurance Expense 500

Salaries and Wages Expense 2,800

Service Revenue 2,700

Answer rating: 100% (QA)

No Details Amount a The balance in supplies on 1 st January S500 8009001200 b The total premi... View the full answer