The ledger of Turner Rental Company on December 31, 2013 includes the following selected accounts before the annual adjusting entries have been made. Assume any account that needs to be adjusted that is not listed below has a zero balance before adjustment. The note payable represents a July 1, 2013 bank loan. Interest on the note is paid annually on June 30 starting in 2014 and is $1, 200 per year. After the proper adjusting entry has been made, what is the balance of the Interest Payable account? Do not enter commas or dollars signs, for example, enter $20,000 as 20000