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	$	46,213
Accounts Receivable		600
Prepaid Advertising		1,080
Supplies		400
Merchandise Inventory		16,000
Store Equipment		26,000
Accumulated DepreciationStore Equipment		4,000
Office Equipment		6,000
Accumulated DepreciationOffice Equipment		2,000
Notes Payable, due 20X2		30,000
Accounts Payable		2,805
Wages Payable
Social Security Tax Payable
Medicare Tax Payable
Unearned Seminar Fees		10,000
Interest Payable
Vincent Carbone, Capital		33,700
Vincent Carbone, Drawing		15,110
Income Summary
Sales		158,970
Sales Discounts		300
Seminar Fee Income
Purchases		92,000
Purchases Returns and Allowances		2,000
Freight In		275
Rent Expense		14,200
Wages Expense		22,000
Payroll Taxes Expense		3,047
Depreciation ExpenseStore Equipment
Depreciation ExpenseOffice Equipment
Advertising Expense
Supplies Expense
Interest Expense		250

ADJUSTMENTS:

a.b. Merchandise inventory at December 31, 20X1, was counted and determined to be $13,000.

The amount recorded as prepaid advertising represents $1,080 paid on September 1, 20X1, for 12 months of advertising.

The amount of supplies on hand at December 31 was $150.

Depreciation on store equipment was $3,375 for 20X1.

Depreciation on office equipment was $1,250 for 20X1.

Unearned Seminar Fees represent $10,000 received on November 1, 20X1, for five seminars. At December 31, four of these seminars had been conducted.

Wages owed but not paid at December 31 were $600.

On December 31, 20X1, the firm owed the employers social security tax ($37.20) and Medicare tax ($8.70).

The note payable bears interest at 7 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?