The trial balance for Cozy Fireplaces Inc. for December 31, 2016, follows:

Additional information for adjusting entries:

1.	The deposits from customers were for future deliveries. As at December 31, three quarters of these goods had been delivered.
2.	There is $2,100 in salaries and wages owed at year end.
3.	Rent is paid in advance on the last day of each month. There was a balance of $3,000 in the Prepaid Expenses account on January 1, 2016. At the end of January, $3,000 was paid for the February rent and was debited to the Prepaid Expenses account. All the rent payments during the year were treated the same way. The rent for July to December increased to $4,000 per month. (Hint: Determine the amount of rent expense for 2016, as well as the correct amount that has been prepaid for 2017, and make an adjustment that will bring both these accounts to the correct balances.)
4.	A count of the supplies at year end revealed that $450 of supplies were still on hand.
5.	The building is being depreciated over 20 years with a residual value of $20,000.
6.	The bank loan was taken out on April 1, 2016. The first interest payment is due on April 1, 2017. The interest rate is 9%.
7.	Income tax for the year should be calculated using a tax rate of 30%.

Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2016 DR 26,000 35,000 73,000 327,000 CR Cash Accounts receivable Inventory Equipment Accumulated depreciation, equipment Accounts payable Bank loan payable Unearned revenue Common shares Retained earnings Dividends declared Sales revenue Interest revenue Cost of goods sold Wages expense Rent expense Depreciation expense 140,000 103,000 67,000 20,000 10,000 66,000 16,000 525,500 4,500 319,000 70,000 29,000 41,000