1)

Supplies expense $950 Add: Supplies (1/31) 1,650 Less: Supplies purchased 300 Supplies (1/1) $1,350 2)

Monthly premium $520 Number of months X 12 Total premium $6,240 Prepaid Insurance, 1/31 $1,560 Monthly premium 520 Number of months remaining,1/31 3 Date of Purchase 05/01/19 3)

Cash Paid $1,060 Salaries and wages payable, 1/31/17 2,500 3,560 Less: Salaries and wages expense 1,800 Salaries and wages payable, 12/31/16 $1,760 4)

Service revenue $4,000 unearned revenue, 1/31/17 1,800 2,200 Cash received in January 750 Unearned revenue, 12/31/16 $2,950 Assume that amounts for purchase of supplies, salaries paid and cash received in services performed in January changed to $500, $1,800 and $2,800 respectively. How do these changes impact your responses?