A partial adjusted trial balance follows for Nolet Ltd. at January 31, 2018. The companys fiscal year end is December 31 and it makes adjustments monthly. It has already recorded any required adjusting journal entries for the month of January and the amounts shown below are correct.

NOLET LTD. Adjusted Trial Balance (partial) January 31, 2018
		Debit		Credit
Supplies		$ 680
Prepaid insurance		1,140
Equipment		6,000
Accumulated depreciationequipment				$ 2,500
Income tax payable				150
Unearned revenue				800
Service revenue				2,190
Depreciation expense		100
Insurance expense		380
Supplies expense		960
Income tax expense		110

If $1,580 was received in December for services to be performed in January, and all of these services were performed as expected in January, what was the balance in Unearned Revenue at January 1? Assume there were no other transactions that affected Unearned Revenue during this period.

The balance in Unearned Revenue

$

If the amount in the Depreciation Expense account is the depreciation for the month of January, when was the equipment purchased? Assume that there have been no purchases or sales of equipment since this original purchase and that Nolet uses the straight-line method of depreciation.

The equipment was purchased at the

beginning of January 2014beginning of January 2016beginning of January 2013beginning of January 2015end of January 2013end of January 2014end of January 2015end of January 2016.

If the amount in Insurance Expense is the amount of the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium (amount paid for the policy) and when was the policy purchased?

The total premium		$
The policy was purchased on		August 1April 1June 1May 1July 1January 1.

If the amount in Supplies Expense is the amount of the January 31 adjusting entry, and $780 of supplies were purchased in January, what was the balance in Supplies on January 1?

The balance in supplies

$

If $110 of income tax was paid in January, what was the balance in Income Tax Payable at January 1?

The balance in Income Tax Payable

$

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