hey, can someone help with this problem? i really suck at this accounting. i really appreciate for the help.
Marliss Company
Adjusted Trial Balance
January 31,2007
Debit Credit
Supplies $700
Prepaid Insurance 1560
salaries payable $1200
unearned service revenue 750
supplies expense 950
insurance expense 520
salaries expense 1800
service revenue 2000[/quote]

assuming the year begin JAnuary 1

*if the amount in supplies expense is january 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in supplies on January 1?
would the answer be 850 since that was purchased?

*also if the amount in Insurance Expense is $520 the Jan 31 adjusting entry and the original insurance premium was for 1 year, what was the total premium and when was the policy purchased?
would it be $520 times 12months =$6240 for the total premium? how do i find when it was purchased?

*if $2500 of salaries was paid in Jan. what was the balance in Salaries Payable at December 31,2006. the adjusted trial balance for Jan 31,2007, salaries payable (credit) is $1560 and the salaries expense(debit) is $1800.
would this be the right answer for the balance in salaries payable at dec 31,2006 $2500-1560= $940?

*If $1600 was received in Jan for service performed in Jan, what was the balance in unearned service at december 31,2006? unearned service revenue(cr) $750 and service revenue(cr) $2000 for the adj. trial balance in jan 31,2007.
here i don't know what to do here.