(a) Prepaid Insurance represents a 3-year insurance policy for the period from January 1, 2022, to December 31, 2024.

(b) A count of office supplies reveals that on December 31, 2022, the company had $500 of office supplies on hand.

(c) The company's lease, signed on January 1, 2022, specifies monthly rent of $4,000, or $48,000 a year.

(d) The December 2022 utility bill has not yet been received and is not included in the trial balance. The utility bill averages $400 a month.