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Exercise 130 A partial adjusted trial balance of Wildhorse Company at January 31, 2021, shows the following. Credit WILDHORSE COMPANY Adjusted Trial Balance January 31,

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Exercise 130 A partial adjusted trial balance of Wildhorse Company at January 31, 2021, shows the following. Credit WILDHORSE COMPANY Adjusted Trial Balance January 31, 2021 Debit Supplies $3,400 Prepaid Insurance 11,100 Salaries and Wages Payable Unearned Revenue Supplies Expense 3,800 Insurance Expense 1,850 Salaries and Wages Expense 7,600 Service Revenue $2,000 4,000 8,200 Answer the following questions, assuming the year begins January 1. If the amount in Supplies Expense is the January 31 adjusting entry, and $3,800 of supplies was purchased in January, what was the balance in Supplies on January 1? Beginning balance of supplies LINK TO TEXT 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 and when was the policy purchased? Total premium The policy was purchased on LINK TO TEXT If $10,700 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2020? Beginning balance of salaries and wages payable LINK TO TEXT If $7,200 was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2020? Beginning unearned revenue December 31, 2020

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