South Bend Repair Service Company keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Other assets SOUTH BEND REPAIR SERVICE COMPANY Unadjusted Trial Balance For the Year Ended December 31 Debit Credit 20,300 7,700 2,000 1,600 27,700 12,700 5,800 3,200 Accounts payable Wages payable Income taxes payable Note payable (two years; 12% interest due each December 31). Common stock (2,500 shares outstanding all year) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals Data not yet recorded at December 31 of the current year include: a. Depreciation expense for the current year, $3,700. b. Insurance expired during the current year, $800. 5,700 370 16,400 9,530 51,500 25,900 8,400 99,400 99,400 c. Wages earned by employees but not yet paid on December 31 of the current year, $2,800. d. The supplies count at the end of the current year reflected $1,100 in remaining supplies on hand to be used in the next year. e. Seven months of interest expense (on the note payable borrowed on June 1 of the current year) was incurred in the current year. f. Income tax expense was $2,614.