Prepare Adjustment Entries

Other Data 1. Acerued but unrecordod fees carned as of December 31 arbount to 56,400 . 2. Records thow that 56,600 of cash receipts onginally recorded as weamed client revenue had been carned as of Doccmber 31 . 3. The company purchased a 12-month insurance policy oa June 1, 2015, for $36,000. 4. Oe Deceaber 1, 2015, the company paid $2,200 for numerous advertisements in icveral climbiog magarines. Half of these advertisements have appeared in print as of December 31 5. Climbing supplies on hand at December 31 amoent to $2,000. 6. All climbing equipment was purchaied whes the business fint formed. The chtimused life of the equipreent a that fime was four years (or 48 months). 7. Oo October 1,2015 , the company berrowed $10,000 by signing an eight-month, 9 percent. fobe payathe. The entiac note, plus sight months' accraed interew, is due oa June 1.2016 8. Nccrued but mecorded salenes at Decenber 31 amount io $3,100. 9. Fitimated income aues cspeese for the culin wyar lotals 514,000. Taves we dus in the first guaricr of 2016