A pitial adjusted trial balance of XYZ Company at Jamay 31, 2020, shows the following...
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A pitial adjusted trial balance of XYZ Company at Jamay 31, 2020, shows the following XYZ COMPANY ADJUSTED TRIAL BALANCE 31 Jan 20 Debit Credit Supplies $ 700 Prepaid Insurance 2,400 Salaries and Wages Payable $ 800 Uneamed Service Revenue 750 Supplies Expense 950 Insurance Expense 400 Salanes and Wages Expense 1,800 Service Revenue 2,000 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 was purchased in January, what was the balance in Supplies on January 1? ) 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? (6) If $2.500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? (d) If $1.600 was received in January for services performed in January, what was the balance in Uneamed Service Revenue at December 31, 20192
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