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Question 3 of 4 -72 View Policies Current Attempt in Progress A partial adjusted trial balance of Monty Corp. at January 31, 2020, shows the
Question 3 of 4 -72 View Policies Current Attempt in Progress A partial adjusted trial balance of Monty Corp. at January 31, 2020, shows the following. Credit Monty Corp. Adjusted Trial Balance January 31, 2020 Debit Supplies $ 800 Prepaid Insurance 1,800 Salaries and Wages Payable Unearned Service Revenue Supplies Expense 800 Insurance Expense 300 Salaries and Wages Expense 3,100 Service Revenue $ 900 850 3,500 Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $1,100 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 one year, what was the total premium and when was the policy purchased? Total premium $ Purchase date (c) If $3,000 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? Salaries and wages payable $
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