Terrific Temps fills temporary employment positions for local businesses. Some businesses pay in advance for services; others are billed after services have been performed. Advanced payments are credited to an account entitled Unearned Fees. Adjusting entries are performed on a monthly basis. An unadjusted trial balance dated December 31, 2015, follows. (Bear in mind that adjusting entries have already been made for the first 11 months of 2015, but not for December.)

TERRIFIC TEMPS UNADJUSTED TRIAL BALANCE DECEMBER 31, 2015

Cash

$

27,020

Accounts receivable

59,200

Unexpired insurance

900

Prepaid rent

3,000

Office supplies

600

Equipment

60,000

Accumulated depreciation: equipment

$

29,500

Accounts payable

4,180

Notes payable

12,000

Interest payable

320

Unearned fees

6,000

Income taxes payable

4,000

Unearned revenue

20,000

Retained earnings

49,000

Capital stock

25,000

Dividends

3,000

Fees earned

75,000

Travel expense

5,000

Insurance expense

2,980

Rent expense

9,900

Office supplies expense

780

Utilities expense

4,800

Depreciation expense: equipment

5,500

Salaries expense

30,000

Interest expense

320

Income taxes expense

12,000

$

225,000

$

225,000

Other Data
1.	Accrued but unrecorded fees earned as of December 31, 2015, amount to $1,500.
2.	Records show that $2,500 of cash receipts originally recorded as unearned fees had been earned as of December 31.
3.	The company purchased a six-month insurance policy on September 1, 2015, for $1,800.
4.	On December 1, 2015, the company paid its rent through February 28, 2016.
5.	Office supplies on hand at December 31 amount to $400.
6.	All equipment was purchased when the business first formed. The estimated life of the equipment at that time was 10 years (or 120 months).
7.	On August 1, 2015, the company borrowed $12,000 by signing a six-month, 8 percent note payable. The entire note, plus six months' accrued interest, is due on February 1, 2016.
8.	Accrued but unrecorded salaries at December 31 amount to $2,700.
9.	Estimated income taxes expense for the entire year totals $15,000. Taxes are due in the first quarter of 2016.

Instructions

a.	For each of the numbered paragraphs, prepare the necessary adjusting entry.

b.	Determine that amount at which each of the following accounts will be reported in the company