Use the following information to prepare any adjusting entries required: Journal entries

a. Examination of an insurance policy showed $240 of expired insurance.

b. An inventory showed $210 of unused massage supplies on hand.

c. Estimated depreciation expense on massage equipment , $350.

d. Estimated depreciation on the building, $2,220.

e. A massage therapist owes $200 for space rental payments, and this was unrecorded at the time the trial balance was preoared.

f. $200 of the Unearned Rent account balance was earned by year end.

g. The one employee, a receptionist, works at 5 day workweek at $50 per day. The employee was paid last week but has worked 3 days this week for which she has not been paid.

h. Three months property taxes, totalling $450,have accrued . This has not been recorded.

Sharp Massage Co. Trial Balance December 31, 2015 Debit Credit 3,200 480 990 3,860 770 67,500 2,840 55,000 Cash Prepaid insurance Massage supplies Massage equipment Accum depreciation massage equipment Building Acerm depreciation building Land Unearned rent Long-term notes payable Sharp, capital Sharp, withdrawal Rent eamed Fees eamed Wages expense Utilities expense Property taxes expense Interest expense TOTAL 600 10,000 102.560 2.700 3.400 23.100 I 4.200 690 000 1.350 S143,570 SI 43,570 0 B hp