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This is a partial adjusted trial balance of Wildhorse Company. WILDHORSE COMPANY Adjusted Trial Balance (partial) January 31, 2022 Debit Credit Supplies $770 Prepaid
This is a partial adjusted trial balance of Wildhorse Company. WILDHORSE COMPANY Adjusted Trial Balance (partial) January 31, 2022 Debit Credit Supplies $770 Prepaid Insurance 1,698 Salaries and Wages Payable $1,163 Unearned Service Revenue 825 Supplies Expense 1,045 Insurance Expense 566 Salaries and Wages Expense 1,980 Service Revenue 4,400 Answer these questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry and $330 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 1 year, what was the total premium and when was the policy purchased? Total premium for 1 year Purchase date (c) If $2,750 of salaries owed were paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 $ (d) If $1,980 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31.2021? Balance in Unearned Service Revenue at December 31, 2021 $
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