Based on the information below, record the adjusting journal entries that must be made for Belle Fleur Consulting Services on December 31, 2019. The company has a December 31 fiscal year-end. Use 18 as the page number for the general journal.

a.-b. Merchandise Inventory, before adjustment, has a balance of $9,700. The newly counted inventory balance is $10,800.

c. Unearned Seminar Fees has a balance of $18,000, representing prepayment by customers for four seminars to be conducted in December 2019 and January 2020. Three seminars had been conducted by December 31, 2019.

d. Prepaid Insurance has a balance of $12,000 for six months' insurance paid in advance on

October 1, 2019.

e. Store equipment costing $12,000 was purchased on September 1, 2019. It has a salvage value of $600 and a useful life of five years.

f. Employees have earned $1,000 of wages not paid at December 31, 2019.

g. The employer owes the following taxes on wages not paid at December 31, 2019: SUTA, $30.00; FUTA, $6.00; Medicare, $14.50; and social security, $62.00.

h. Management estimates uncollectible accounts expense at 1.5 percent (0.015) of sales. This year's sales were $3,000,000.

i. Prepaid Rent has a balance of $13,500 for nine months' rent paid in advance on October 1,

2019.

j. The Supplies account in the general ledger has a balance of $600. A count of supplies on hand at December 31, 2019, indicated $150 of supplies remain.

k. The company borrowed $15,000 on a two-month note payable dated December 1, 2019. The note bears interest at 8 percent.

Analyze:

After all adjusting entries have been journalized and posted, what is the balance of the Unearned Seminar Fees account?