A partial adjusted trial balance of Ruiz Company at January 3 1 , 2006, 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 $650 of supplies was 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 one year, what was the total premium and when was the policy purchased?

(c) If $3,000 of salaries was paid in January, what was the balance in Salaries Payable at December 31, 2005?

(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2005?

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RUIZ COMPANY Adjusted Trial Balance January 31, 2006 Debit Credit Supplies $ 850 Prepaid Insurance 2,400 Salaries Payable $ 800 Unearned Revenue 750 Supplies Expense 950 Insurance Expense 400 Salaries Expense 1,800 Service Revenue 2.000