Terrific Temps fills temporary employment positions for local businesses. Some businesses pay in advance for services; others are billed after services have been performed. Advance payments are credited to an account entitled Uneamed Fees. Adjusting entries are performed on a monthly basis. Below is an unadjusted trial balance dated December 31 of the current year. (Bear in mind that adjusting entries have already been made for the first 11 months, but not for December) TERRIFIC TEMPS UNADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR Cash Accounts receivable Unexpired insurance Prepaid rent Office supplies Equipment Accumulated depreciation: equipment Accounts payable Notes payable Interest payable Unearned fees Income taxes payable Unearned revenue Retained earnings Capital stock Dividends Fees earned Travel expense Insurance expense Rent expense Office supplies expense Utilities expense Depreciation expense equipment Salaries expense Interest expense Income taxes expense 5 27,020 59,200 900 3,000 600 60,000 $ 29,500 4,180 12,000 320 6.000 4,000 20,000 49,000 25,000 3,000 25.000 5,000 2,980 9,908 780 4,800 5.500 30,000 120 12,000 $225,000 $225,000