The December 31, Year 1, unadjusted trial balance for a company is presented below.

Accounts	Debit				Credit
Cash	$	8,500
Accounts Receivable		13,500
Prepaid Rent		5,400
Supplies		2,500
Deferred Revenue					$	1,500
Common Stock						10,000
Retained Earnings						4,500
Service Revenue						41,400
Salaries Expense		27,500
	$	57,400			$	57,400

At year-end, the following additional information is available:

1. The balance of Prepaid Rent, $5,400, represents payment on October 31, Year 1, for rent from November 1, Year 1, to April 30, Year 2.

2. The balance of Deferred Revenue, $1,500, represents payment in advance from a customer. By the end of the year, $375 of the services have been provided.

3. An additional $600 in salaries is owed to employees at the end of the year but will not be paid until January 4, Year 2.

4. The balance of Supplies, $2,500, represents the amount of office supplies on hand at the beginning of the year of $950 plus an additional $1,550 purchased throughout Year 1. By the end of Year 1, only $650 of supplies remains.