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A partial adjusted trial balance of Sandhill Company at January 31, 2017, shows the following. SANDHILL COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2017 Debit Credit

A partial adjusted trial balance of Sandhill Company at January 31, 2017, shows the following.

SANDHILL COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2017

Debit

Credit

Supplies $ 1,010
Prepaid Insurance 4,260
Salaries and Wages Payable $ 1,110
Unearned Service Revenue 1,060
Supplies Expense 950
Insurance Expense 710
Salaries and Wages Expense 2,110
Service Revenue 2,310

Answer the following questions, assuming the year begins 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?

Total premium

$

When was the policy purchased?

The policy was purchased on ________

Choose either: July 1, 2016, August 1, 2016, August 31, 2016

If $ 2,810 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2016?

Beginning balance of salaries and wages payable

$

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