Debit $	Credit $
Cash	142,457
Interest receivable	455
Accounts receivable	97,916
Prepaid insurance	23,400
Supplies	1,755
6% Notes receivable	91,000
Office equipment	429,000
Accumulated depreciation: office equipment		200,200
Accounts payable		37,819
Dividends payable		7,800
Unearned course fees		4,290
Share capital ($10 per share)		75,000
Retained earnings		208,260
Dividends	7,800
Course fees earned		608,021
Interest revenue		455
Salaries expense	127,400
Insurance expense	17,160
Rent expense	93,210
Supplies expense	3,042
Depreciation expense: office equipment	107,250
Total	1,141,845	1,141,845

Beauty Unadjusted Trial Balance 31 December 2020

After preparing the above unadjusted trial balance, the following were found:

1. $750 unearned course fees is now earned on 31 December.

2. Supplies on hand as at 31 December 2020 are $210.

3. Beauty purchased a $500,000 motor vehicle on 31 December 2020. It paid $150,000 cash and signed a notes payable for the balance. This transaction has not yet been recorded.

4. On 31 December 2020 Beauty declared and paid another dividend of $1.00 per share. Including the previous declared dividends that owed to its shareholders, Beauty paid out in cash, all and fully, on the same day.

5. Mr Ben plans to arrange a new French course in mid-January 2021. Expected course fee will be $8,000 per student and 20 students per class.

6. An office equipment is depreciated over a useful life of 5 years on straight-line basis.