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 Cr Supplies 2,000 Prepaid insurance 1,500 Salaries and wages payable 3,000 Note payable 20,000 Interest payable 1,600 Unearned service revenue 2,000 Supplies exp 800 Interest exp 600 Insurance exp 300 Salaries and wares exp 700 Service revenue 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 1,000 of supplies were purchased during this quarter. What was the beginning balance of supplies on 14 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 aripinal insurance policy purchased identify the specific date) of the given balance in interest expense is the match adjusting entry, and the note hasan annual interest rate of how many months has it been outstanding