Chapter 03 - Homework Question 5 of 7 < Adjusted Trial Balance (partial) January 31, 2022 Debit Credit Supplies $910 Prepaid Insurance 1,998 Salaries and Wages Payable $1,373 Unearned Service Revenue 975 Supplies Expense 1,235 Insurance Expense 666 Salaries and Wages Expense 2,340 Service Revenue 5,200 Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $390 of supplies was purchased in January, what was the balance in Supplies on January 1? Supplies balance $ (b) If the amount in Insurance Expense is the January 31 adjusting entry and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased? Total premium for 1 year $ 7992 Purchase date May 1, 2021 (c) If $3,250 of salaries owed were paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 (d) $ If $2,340 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2021? Balance in Unearned Service Revenue at December 31, 2021 $