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Question 5: Sbitany company prepares its financial statements quarterly. The following is part of the adjusted trial balance for Sbitany company at March.31.2020 Sbitany company

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Question 5: Sbitany company prepares its financial statements quarterly. The following is part of the adjusted trial balance for Sbitany company at March.31.2020 Sbitany company Adjusted trial balance March.31.2020 Dr 2,400 2,000 Cr Supplies Prepaid insurance Salaries and wages payable Note payable Interest payable Unearned service revenue Supplies exp Interest exp Insurance exp Salaries and wages exp Service revenue 3,000 20,000 800 2,000 500 600 300 700 4,000 Answer the following questions, assuming the year begins on Jan.1 A. If the given balance in supplies expense is the march.31 adjusting entry, and 800 of supplies were purchased during this quarter. What was the beginning balance of sup n1" Jan 2020. B. If the given balance in insurance expense is the march.31 adjusting entries, and the original Insurance policy was for two years. Knowing that the march.31 adjusting entry is not the first adjusting entry made for prepaid insurance, when was the original insurance policy purchased (identify the specific date)? C. If the given balance in interest expensels the march 31 adjusting entry, and the note has an annual interest rate of 12%, how many months has it been outstanding

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