Clint Stillmore operates a private investigating agency called Stilmore Investigations. Some clients pay in advance for services; others arebilled after services have been performed. Advance payments are credited to an account entitled Unearned Retainer Fees. Adjustingentries are performed on a monthly basis. Below is an unadiusted trial balance dated December 31 of the current vear. (Bear in mind thatadjusting entries have already been made for the first 11 months. but not for December Other Data1. Accrued but unrecorded client fees earned at December 31 amount to $1.500.2. Records show that S2500 of cash receipts originally recorded as Unearned Retainer Fees had been earned as of December 3. 3. Office supplies on hand at December 31 amount to $110. 4, The company purchased allof its ofhce equipment when it first began business. At that time the equipment's estimated useful life wassix years (or 72 months). 5, On 0ctober 1 of the current vear the company renewed its rental agreement paving $1.800 cash for six months' rent in adyance6. On March 1 of the current year, the company paid $1,080 cash to renew its 12-month insurance policy7. Accrued but unrecorded salaries at December 31 amount to $1,900. 8. On June 1 of the current year the company borowed money from the bank by signing a $9,000, 8 percent, 12-month note payable. Theentire note. plus 12 months' accrued interest, is due on May 31 of the upcoming vear