ABC CORP HAS THE FOLLOWING UNADJUSTED TRIAL BALANCE AT 12/31/19: DEBIT CREDIT CASH 22,750 ACCOUNTS RECEIVABLE 9,000 SUPPLIES 1,240 PREPAID INSURANCE 5,400 PROPERTY PLANT & EQUIPMENT 350,000 ACCUMULATED DEPRECIATION 120,000 ACCOUNTS PAYABLE 2,200 NOTE PAYABLE 138,000 INTEREST PAYABLE 1,150 COMMON STOCK 10,000 RETAINED EARNINGS 56,740 REVENUE 117,300 WAGE EXPENSE 55,000 INTEREST EXPENSE 1,150 SUPPLIES EXPENSE 850 445,390 445,390 1) THE INSURANCE WAS PAID OCTOBER 1ST, 2019 AND RUNS THRU SEPTEMBER 30TH, 2020. 2) THE PP&E WAS PLACED IN SERVICE JANUARY 1ST 2016. LIFE = 8 YRS S/L (SALVAGE = 30,000). 3) SUPPLIES AT DECEMBER 31ST, 2019 = $450. 4) WAGES INCURRED BUT UNPAID AS OF DECEMBER 31ST, 2019 = $4,700 HAVE NOT BEEN RECORDED. 5) THE NOTE PAYABLE HAS BEEN OUTSTANDING SINCE NOVEMBER 1ST, 2019. THE BOOKKEEPER MISTAKENLY ASSUMED THE INTEREST RATE = 5%. THE ACTUAL RATE = 4%. NO INTEREST HAS BEEN PAID. 6) THE BOOKKEEPER RECORDED A SALE TO CUSTOMER IN THE AMOUNT = $700 WHEN PAYMENT WAS RECEIVED. THE SERVICE HAS NOT YET BEEN PROVIDED TO THE CUSTOMER