unadjusted trial balance 31/12/2020
	Debit	Credit
Cash	204.400
Unexpired insurance	15.360
Prepaid rent	17.520
Supplies	2.592
Equipment	129.600
Accumulated Depreciation:equipment		64.800
Accounts payable		5.160
Notes payable		100.000
Interest payable		8.100
Income taxes payable		9.000
Unearned revenue		48.200
Capital stock		43.100
Retained earnings		33.600
Revenue earned		607.527
Advertising expense	20.748
Insurance expense	42.240
Rent expense	96.360
Supplies expense	20.000
Cleaning expense	20.800
Depreciation expense:equipment	39.600
Salaries expense	286.800
Interest expense	6.667
Income taxes expense	16.800
Total:	919.487	919.487

26,200 of cash receipts recorded as unearned revenue earned as 31/12/2020.

The company purchased a 6-month insurance policy on 1/9/2020, for 24.000.

1/11/2020, the company paid 30.000 for rent 31/1/2021.

Supplies on hand at 31/12 are 500.

All equipment was purchased when the business formed. The estimated life of the equipment at that time was 3 years (or 36 months).

On 1/4/2020, the company borrowed 100,000 by signing a 12-month, 10% note payable. The entire note, plus 12 months accrued interest, is due on 1/3/2021.

Accrued but unrecorded salaries at 31/12 amount to 10,000.

Estimated income taxes expense for the entire year totals 25,000. Taxes are due in the first quarter of year 2021.

31/12. DIR has signed an agreement with Futbol Club Barcelona that states that all Club members will be given access to the Gym for an annual fee of 60.000.

Prepare Balance Sheet after closing