Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2016, appears below. December 31 is the companys fiscal year-end. The company uses the perpetual inventory system.

Account Title	Debits	Credits
Cash		22,600
Accounts receivable		31,800
Supplies		0
Prepaid rent		0
Inventory		58,000
Office equipment		73,600
Accumulated depreciationoffice equipment					9,300
Accounts payable					25,400
Salaries and wages payable					2,300
Note payable					23,000
Common stock					73,000
Retained earnings					19,550
Sales revenue					173,000
Cost of goods sold		88,000
Interest expense		0
Salaries and wages expense		31,650
Rent expense		13,300
Supplies expense		1,300
Utility expense		5,300
Totals		325,550			325,550

Information necessary to prepare the year-end adjusting entries appears below.

1.	The office equipment was purchased in 2014 and is being depreciated using the straight-line method over an eight-year useful life with no salvage value.
2.	Accrued salaries and wages at year-end should be $3,450.
3.	The company borrowed $23,000 on September 1, 2016. The principal is due to be repaid in 12 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 12%.
4.	The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $430.
5.	Prepaid rent at year-end should be $1,700.