The Artisan Wines is a retail store selling vintage wines. On December 31, 20X1, the firms general ledger contained the accounts and balances below. All account balances are normal.

Cash	$	33,651
Accounts Receivable		530
Prepaid Advertising		660
Supplies		330
Merchandise Inventory		15,300
Store Equipment		25,300
Accumulated DepreciationStore Equipment		3,300
Office Equipment		5,300
Accumulated DepreciationOffice Equipment		1,650
Notes Payable, due 20X2		23,000
Accounts Payable		2,735
Wages Payable
Social Security Tax Payable
Medicare Tax Payable
Unearned Seminar Fees		7,800
Interest Payable
Vincent Carbone, Capital		33,000
Vincent Carbone, Drawing		14,410
Income Summary
Sales		155,470
Sales Discounts		230
Seminar Fee Income
Purchases		91,300
Purchases Returns and Allowances		1,300
Freight In		240
Rent Expense		13,500
Wages Expense		24,000
Payroll Taxes Expense		3,324
Depreciation ExpenseStore Equipment
Depreciation ExpenseOffice Equipment
Advertising Expense
Supplies Expense
Interest Expense		180

ADJUSTMENTS:

a.b. Merchandise inventory at December 31, 20X1, was counted and determined to be $12,300.

The amount recorded as prepaid advertising represents $660 paid on September 1, 20X1, for 12 months of advertising.

The amount of supplies on hand at December 31 was $115.

Depreciation on store equipment was $3,200 for 20X1.

Depreciation on office equipment was $1,075 for 20X1.

Unearned Seminar Fees represent $7,800 received on November 1, 20X1, for six seminars. At December 31, four of these seminars had been conducted.

Wages owed but not paid at December 31 were $500.

On December 31, 20X1, the firm owed the employers social security tax ($31.00) and Medicare tax ($7.25).

The note payable bears interest at 6 percent per annum. One months interest is owed at December 31, 20X1.

Required:

Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 20X1.

Enter the adjustments above in the Adjustments section of the worksheet.

Complete the worksheet.

Analyze: What was the amount of revenue earned by conducting seminars during the year ended December 31, 20X1?