PREPARATION OF ADJUSTING ENTRIES West Beach Resort operates a resort complex that specializes in hosting small business and professional meetings. West Beach closes its fiscal year on January 31, a time when it has few meetings under way. At January 31, 2010, the following data are available:

a. A training meeting is under way for 16 individuals from Fashion Design. Fashion Design paid $2,500 in advance for each person attending the 10-day training session. The meeting began on January 27 and will end on February 5.

b. Twenty-one people from Northern Publishing are attending a sales meeting. The daily fee for each person attending the meeting is $180 (charged for each night a person stays at the resort). The meeting began on January 29, and guests will depart on February