o.-b. Merchondise Inventory, before adjustment, has a balance of $7,800. The newly counted inventory balance is $8,300. c. Unearned Seminor Fees has a balance of $6,300, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two-seminars had been conducted by June 30,201. d. Prepoid Insurence has a balance of $13,800 for six months' insurance paid in advance on May 1, 20x1. e. Store equipment costing $6,530 was purchased on March 31, 20x1. It has a salvage value of $530 and a useful life of five years. f. Employees have eamed $280 that has not been paid at June 30,201. 9. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, \$8.40; FUTA, \$1.68; Medicare, \$4.06; and social security, $1736 h. Management estimates uncollectible accounts expense at 1 percent of 5 ales. This year's sales were $2,300,000. 1. Prepaid Rent has a balance of $7,050 for six months' rent paid in advance on March 1,20X1. 1. The Supplies account in the general ledger has a balance of $430. A count of supplies on hand at June 30 , 20X1, indicated $165 of supplies remain k. The company borrowed $4,800 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 9 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30 , 20x1. The company has a June 30 fiscal year-end. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepoid Rent account