A partial adjusted trial balance of Safin plc at January 31, 2022, shows the following.

Instructions

Answer the following questions, assuming the year begins January 1.

a. If the amount in Supplies Expense is the January 31 adjusting entry and £850 of supplies were purchased in January, what was the balance in Supplies on January 1?

b. If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased?

c. If £2,700 of salaries and wages were paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021?

d. If £1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2021?

Transcribed Image Text:

Safin plc Adjusted Trial Balance January 31, 2022 Debit Credit Supplies o06 3 2,400 Prepaid Insurance Salaries and Wages Payable £ 800 Unearned Service Revenue 750 Supplies Expense 950 Insurance Expense 400 Salaries and Wages Expense 1,800 Service Revenue 2,000