a.-b. Merchandise Inventory, before adjustment, has a balance of $6,900. The newly counted inventory balance is $7,400. c. Unearned Seminar Fees has a balance of $5,400, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019. d. Prepaid Insurance has a balance of $8,400 for six months' insurance paid in advance on May 1, 2019. e. Store equipment costing $11,480 was purchased on March 31, 2019. It has a salvage value of $440 and a useful life of four years f. Employees have earned $190 that has not been paid at June 30, 2019. 9. The employer owes the following taxes on wages not paid at June 30, 2019: SUTA, $5.70; FUTA, $114; Medicare, $2.76; and social security, $11.78. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1,400,000. i. Prepaid Rent has a balance of $5,700 for six months' rent paid in advance on March 1, 2019. J. The Supplies account in the general ledger has a balance of $340. A count of supplies on hand at June 30, 2019, indicated $120 of supplies remain. k. The company borrowed $12,500 from First Bank on June 1,2019, and issued a four-month note. The note bears interest at 12 percent Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 2019. The company has a June 30 fiscal year-end. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepald Rent account