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Debit CreditSupplies 7 0 0 Prepaid Insurance 2 , 4 0 0 Salaries and Wages Payable 8 0 0 Unearned Service Revenue 7 5 0
Debit
CreditSupplies
Prepaid Insurance
Salaries and Wages Payable
Unearned Service Revenue
Supplies Expense
Insurance Expense
Salaries and Wages ExpenseService Revenue
Answer the following questions assuming the year
beginning January Please prove an explanationa If the amount in Supplies Expense is the January
adjusting entry, and $ of supplies was purchased in January,
what was the balance in Supplies on January bIf the amount in Insurance Expense is the January
adjusting entry, and the original insurance premium was for year,
what was the total premium.cIf $ of salaries was paid in January, what was the
balance in Salaries Payable at December dIf $ was received in January for services
performed in January, what was the balance in Unearned Service
Revenue at December
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