ce sheet as of June 30. 5A. Transaction Analysis and Adjustments The following information relates to December 31 ad- justments for Finest Print, a printing company. The firm's fiscal year ends on December 31. 1. Weekly salaries for a five-day week total $1,800, payable on Fridays. December 31 of the cur- rent year is a Tuesday. 2. Finest Print has $20,000 of notes payable outstanding at December 31. Interest of $200 has accrued on these notes by December 31, but will not be paid until the notes mature next year. 3. During December, Finest Print provided $900 of printing services to clients who will be billed on January 2. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. 4. Starting December 1, all maintenance work on Finest Print's equipment is handled by Prompt Repair Company under an agreement whereby Finest Print pays a fixed monthly charge of $90. Finest Print paid six months' service charge in advance on December 1, increasing Prepaid Maintenance by $540. 5. The firm paid $900 on December 15 for a series of radio commercials to run during December and January. One-third of the commercials have aired by December 31. 6. Starting December 16, Finest Print rented 400 square feet of storage space from a neighbor- ing business. The monthly rent of $0.80 per square foot is due in advance on the first of each month. Nothing was paid in December, however, because the neighbor agreed to add the rent for one-half of December to the January 1 payment. 7. Finest Print invested $5,000 in securities on December 1 and earned interest of $38 on these securities by December 31. No interest will be received until January. 8. The annual depreciation on the firm's equipment is $2,175. No depreciation has been recorded during the year. REQUIRED Using the Transaction Analysis Template determine the financial statement effect of the required adjustments on December 31