The general ledger of the Concord Company on March 31, 2017 includes the following selected accounts before adjusting entries have been prepared:

DebitCreditAccounts Receivable$14,920Prepaid Insurance3,740Supplies2,390Equipment27,500Accumulated DepreciationEquipment$8,020Notes Payable20,000Service Revenue52,300Salaries Expense17,300Telephone Expense1,250

An analysis of the accounts shows the following:

1.Accounts due from customers but not yet billed total $1,100.

2.The note payable is a two-year note and has an interest rate of 6%. It was issued on July 1, 2016 and the interest is due at the beginning of each quarter; the next interest payment is due April 1.

3.The telephone bill has not yet been received for the month. It is estimated that $190 is owed for the month (Use Accounts Payable).