Elmore & Co. is an engineering firm with offices in several cities in the Mid-Atlantic region. Elmore's fiscal year-end is December 31, and it prepares financial statements just once a year, at year-end. For bookkeeping purposes, Elmore has adopted a policy to record payments and collections in advance into asset and liability accounts, respectively. The company's unadjusted trial balance at December 31, 2022 is shown below. All accounts have normal-side balances. Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Advertising Expense Allowance for Doubtful Accounts Cash Common Stock ($2 par) Dividends Declared Equipment Insurance Expense $ 372,590 729,340 497,175 213,860 19.410 950,601 171,000 46,720 891,480 318,670 Interest Expense 51,230 Land 347,510 Maintenance Expense 58,740 Notes Payable 926,000 Prepaid Rent 289,624 Rent Expense 403,920 Retained Earnings 839,490 Salaries and Wages Expense 942,380 Service Revenue 2,371,650 Supplies Expense 16,910 Unearned Service Revenue Utilities Expense 243,130 179,460