Hello, Please see the Selected T-account balances for Fields Company are shown below as of January 31, 2014; adjusting entries have already been posted. The firm uses a calendar-year accounting period but prepares monthly adjustments.

Supplies (A)
Jan.31 Bal	6,400	l

Supplies Expense (E)
Jan.31 Bal	7,680	l

Prepaid Insurance (A)
Jan.31 Bal	4,592	l

Insurance Expense (E)
Jan.31 Bal	656	l

Wages Payable (L)
Jan.31 Bal	l	4000

Wages Expense (E)
Jan.31 Bal	25,600	l

Truck (A)
Jan.31 Bal	69,600	l

Accumulated Depreciation-Truck (XA)
Jan.31 Bal	l	23,200

A) If the amount in Supplies Expense represents the January 31 adjustment for the supplies used in January, and $4,960 worth of supplies were purchased during January, what was the January 1 beginning balance of Supplies?

B) The amount in the Insurance Expense account represents the adjustment made at January 31 for January insurance expense. If the original insurance premium was for one year, what was the amount of the premium and on what date did the insurance policy start? (Please choose from the below)

May 1, 2013

June 1, 2013

July 1, 2013

August 1, 2013

September 1, 2013

October 1, 2013

November 1, 2013

C) If we assume that no beginning balance existed in Wages Payable or Wages Expense on January 1, how much cash was paid as wages during January?

D) If the truck has a useful life of five years, what is the monthly amount of depreciation expense? E) How many months has Fields owned the truck?