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	$	31,175
Accounts Receivable		430
Prepaid Advertising		900
Supplies		230
Merchandise Inventory		14,300
Store Equipment		24,300
Accumulated DepreciationStore Equipment		2,300
Office Equipment		4,300
Accumulated DepreciationOffice Equipment		1,150
Notes Payable, due 20X2		13,000
Accounts Payable		2,635
Wages Payable
Social Security Tax Payable
Medicare Tax Payable
Unearned Seminar Fees		11,900
Interest Payable
Vincent Carbone, Capital		32,000
Vincent Carbone, Drawing		13,410
Income Summary
Sales		150,470
Sales Discounts		130
Seminar Fee Income
Purchases		90,300
Purchases Returns and Allowances		1,700
Freight In		190
Rent Expense		12,500
Wages Expense		20,000
Payroll Taxes Expense		2,770
Depreciation ExpenseStore Equipment
Depreciation ExpenseOffice Equipment
Advertising Expense
Supplies Expense
Interest Expense		220

ADJUSTMENTS:

a.b. Merchandise inventory at December 31, 20X1, was counted and determined to be $11,300.

3. The amount recorded as prepaid advertising represents $900 paid on September 1, 20X1, for 12 months of advertising.
4. The amount of supplies on hand at December 31 was $65.
5. Depreciation on store equipment was $2,950 for 20X1.
6. Depreciation on office equipment was $825 for 20X1.
7. Unearned Seminar Fees represent $11,900 received on November 1, 20X1, for seven seminars. At December 31, four of these seminars had been conducted.
8. Wages owed but not paid at December 31 were $400.
9. On December 31, 20X1, the firm owed the employers social security tax ($24.80) and Medicare tax ($5.80).
10. The note payable bears interest at 6 percent per annum. One months interest is owed at December 31, 20X1.

Required:

1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 20X1.
2. Enter the adjustments above in the Adjustments section of the worksheet.
3. Complete the worksheet.

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