Nevada Camping Equipment Rental Company occupies rented quarters on the main street of Las Vegas. To get this location, the company rented a store larger than needed and subleased (rented) a portion of the area to Max's Restaurant. The partial trial balance of Nevada Camping Equipment Rental Company as of December 31, 1999, is as follows:

a. Salaries of employees amount to \(\$ 300\) per day and were last paid through Wednesday, December 27. December 31 is a Sunday. The store is closed Sundays.

b. An analysis of the Camping Equipment account disclosed:

The company estimates that all equipment will last 20 years from the date they were acquired and that the salvage value will be zero.

c. The store carries one combined insurance policy, which is taken out once a year effective August 1. The premium on the policy now in force amounts to \(\$ 7,200\) per year

d. Unused supplies on hand at December 31, 1999, have a cost of \(\$ 9,200\).

e. December's rent from Max's Restaurant has not yet been received, \(\$ 800\).

f. Interest accrued on the note payable is \(\$ 700\).
Prepare the annual year-end entries required by the preceding statement of facts.

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NEVADA CAMPING EQUIPMENT RENTAL COMPANY Partial Trial Balance December 31, 1999 Cash Prepaid Insurance Supplies on Hand Camping Equipment Accumulated Depreciation-Camping Equipment Notes Payable Equipment Rental Revenue Sublease Rental Revenue.. Building Rent Expense Salaries Expense Debits Credits $100,000 11,400 20,000 176,000 $ 19,200 40,000 1,500,000 8,800 14,400 196,000