1. Trent Company provides cleaning services has a September 30 year-end. Selected amounts from Trent Company's trial balance as of 9/30/19 appear below:

Cash 50,000

Accounts Receivable 150,000

Supplies 3,000

Uniforms 6,000

Prepaid Rent 12,000

Equipment 720,000

Accounts Payable 160,000

Unearned Revenue 8,000

Notes Payable (due 6/1/20) 240,000

Common Stock 130,000

Retained Earnings 30,000

Service Revenue 200,000

Rent Revenue 6,000

Salaries Expense 328,000

Travel Expense 1,500

Insurance Expense 6,600

Interest Expense 10,000

Advertising Expense 3,600

Legal Expense 9,000

Equipment cleaning expenses 4,000

(All of the above accounts have their normal debit or credit balance.)

Other Information:

a. The equipment was purchased on April 1 has a useful life of 10 years with a $120,000 salvage value.

b. The Notes Payable was signed on March 1, 2019 has an interest rate of 8%, the interest is payable annually on February 28.

c. Insurance Expense represents amounts paid for the following policies:

Effective Date Policy Amount Policy Duration

2/28/19 $4,500 3 years

5/1/19 2,100 2 years

d. The rent payment of $12,000 covered the months from August 31, 2019 through December 31, 2019

e. Rent revenue relates to the receipt of $6,000 on August 1, 2019 for one year's rent in advance.

f. Trent failed to bill its clients for services covering the period from the September 1, 2019 through December 31, 2019 for $20,000.

g. An inventory of supplies on September 30, 2019 amounted to $500.

h. The amount in the travel expense account relates to a trip to Las Vegas taken by J. Trent, president of company, for his mid-winter vacation.

i. The unearned revenue balance relates to $4,000 of services that have already been provided, $2,000 of refundable customer deposits and $2,000 of services that will be provided in 2020.

j. All the accounts payable have been recorded except maintenance expenses of $1,000 that cover the period 7/1/2019 to 6/30/2020.

k. One eighth of advertising expense relates to upcoming Columbus Day promotion.

l. Uniforms account consists of 40 disposable uniforms for Halloween and 60 for Thanksgiving. The Trent Company originally purchased 150 uniforms for $7,500.

m. The legal expense represents a single annual payment to ABC Law firm as a retainer fee for services scheduled throughout 2019.

n. Employees are paid every other Friday up through the time they work. Employees will be paid $9,900 on 10/1/19. You may assume that the employees work a five day work week.

o. Trent outsources equipment cleaning expenses to a car wash. The company normally purchases a book of 10 car washes for $60. At the end of the Trents fiscal year 40 tickets were unused.

Required: Prepare any necessary adjusting entries as 9/30/2019 in proper form. Explanations may be omitted.