E$4\mathrm{.}16($LO $1,2,3),$ AN The following lists selected accounts and their adjusted balances for Ramon Company on

January $31,2027$

Instructions

Answer these questions, assuming the year begins January $1.$

a$.$ If the amount in Supplies Expense is equal to the January $31$ adjustment and $$300$ of supplies were purchased in

January, what was the balance in Supplies on January $1?$

b$.$ If the amount in Insurance Expense is equal to the January $31$ adjustment and the original insurance premium

was for $1$ year, what was the total premium and when was the policy purchased?

c$.$ If $$2,500$ of salaries were paid in January, what was the balance in Salaries and Wages Payable at December $31,$

$2026?$

d$.$ If $$1,800$ was received in January for services performed in January, what was the balance in Unearned Service

Revenue at December $31,2026?($Assume that Accounts Receivable had a zero balance on January $1.)$

Current Attempt in Progress

Crane Games Inc. adjusts its accounts annually. The following information is available for the year ended December $31,2027.$

Purchased a $1-$year insurance policy on June $1$ for $$1,872$ cash.

Paid $$6,760$ on August $31$ for $5$ months' rent in advance.

On September $4,$ received $$3,744$ cash in advance from a corporation to sponsor a game each month for a total of $9$ months

for the most improved students at a local school.

Signed a contract for cleaning services starting December $1$ for $$1,040$ per month. Paid for the first $2$ months on November

$($Hint: Use the account Prepaid Cleaning to record prepayments.$)$

On December $5,$ received $$1,560$ in advance from a gaming club. Determined that on December $31,$$$500$ of these games had

not yet been played.