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Sirius, Inc. prepares adjusting entries only at the end of its fiscal year, August 31. Sirius has the following unadjusted Trial Balance at August 31.

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Sirius, Inc. prepares adjusting entries only at the end of its fiscal year, August 31. Sirius has the following unadjusted Trial Balance at August 31. Cash $6,100 Accounts Payable $300 Prepaid Rent $3,600 Service Revenue $9.000 Rent Expense $800 Common Stock $1,500 Wages Expense $600 Retained Earnings $300 $11.100 $11.100 The following facts are available for the fiscal period: The current pay period concludes on September 8, when the employee will be paid his wages of $200. The employee earns $120 before August 31 and the rest between September 1 and September 8. . On July 1, Sirius paid $3,600 to cover its rent for the next twelve months. What balance of Prepaid Rent should be shown on the Balance Sheet

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