The general ledger of Shell Storage Units at June 30, 2017, the end of the company's fiscal year, includes the following account balances before adjusting entries:

The additional data needed to develop the adjusting entries at June 30 are as follows:
a. The $20,000 short-term note payable was issued on February 28. It matures six months from date of issuance and bears interest at 6 percent.
b. The long-term debt is payable in annual installments of $50,000 with the next installment due on August 31. On that date, Shell Storage Units will also pay one year's interest at 3 percent. Interest was last paid on August 31 of the preceding year.
c. Gross salaries for the last payroll of the fiscal year were $6,328. Of this amount, employee payroll withholdings payable were $1,365, and salary payable was $4,963.
d. Employer Payroll Costs Payable was $820, and Shell Storage Units' liability for employee health insurance was $991.
e. Shell Storage estimates that vacation pay expense is 6 percent of gross salaries of $147,500 (the $147,500 includes the last payroll of the fiscal year).
f. On March 1, the company collected one year's rent of $18,000 in advance.
g. At June 30, Shell Storage is the defendant in a $200,000 lawsuit, which the company expects to win. However, the outcome is uncertain.
Required
1. Open T-accounts for the listed accounts, inserting their unadjusted June 30, 2017, balances.
2. Post the June 30, 2017, adjusting entries to the T-accounts opened. Round all amounts to the nearest whole dollar.
3. Prepare the liability section of Shell Storage Units' balance sheet at June 30, 2017.

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Notes Payable, Short-Term Accounts Payable Current Portion of $ 20,000 235,620 Employee Insurance Benefits Payable Estimated Vacation Long-Term Debt Payable Interest Payable Salaries Payable Employee Income Tax $12,360 5,972 18,000 250,000 Pay Liability Sales Tax and GST Payable Unearned Rent Revenue Long-Term Debt Payable Payable Employer Payroll Costs Payable