This is a partial adjusted trial balance of Martin Pty Ltd. 

Required

Answer these questions, assuming the year begins on 1 March.

(a) If the amount in Supplies Expense is the 31 March adjusting entry, and $850 of supplies was purchased in March, what was the balance in Supplies on 1 March?

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

(c) If $2500 of salaries was paid in March, what was the balance in Salaries Payable at 1 March 2017?

(d) There were no additional amounts of revenue received in advance during March. An amount of $1600 was received in March for services performed in March. What was the amount of Service Revenue Received in Advance at 1 March 2017?  

Transcribed Image Text:

MARTIN PTY LTD Adjusted trial balance as at 31 March 2017 No. Account name 110 Supplies 112 Prepaid Insurance 212 Salaries Payable 213 Service Revenue Received in Advance 400 Service Revenue 500 Salaries Expense 505 Supplies Expense 515 Insurance Expense Debit $ 700 2400 1800 950 400 Credit $ 800 750 2000