1/The Equipment purchased on January 2, has a useful life for TWO years, and a Salvage value of 1,000. 2/Insurance has been paid on January 3, it covers 18 Months policy, 3/Services performed to a customer on January 29 and billed for 350,- sent to him to be paid in February w 4/1,900,- of Unearned revenue already earned in January 5/ Supplies on hand on January 31 amounts to 1,000