a$.-$b$.$ Merchandise Inventory, before adjustment, has a balance of $$7,400.$ The newly counted inventory balance is $$7,900.$

Unearned Seminar Fees has a balance of $$5,900,$ representing prepayment by customers for five seminars to be conducted in June, July, and August $20$X$1.$ Two seminars had been conducted by June $30,20$X$1.$

Prepaid Insurance has a balance of $$11,400$ for six months$$ insurance paid in advance on May $1,20$X$1.$

Store equipment costing $$13,450$ was purchased on March $31,20$X$1.$ It has a salvage value of $$490$ and a useful life of six years.

Employees have earned $$240$ that has not been paid at June $30,20$X$1.$

The employer owes the following taxes on wages not paid at June $30,20$X$1$: SUTA, $$7\mathrm{.}20$; FUTA, $$1\mathrm{.}44$; Medicare, $$3\mathrm{.}48$; and social security, $$14\mathrm{.}88.$

Management estimates uncollectible accounts expense at $1$ percent of sales. This year$$s sales were $$1,900,000.$

Prepaid Rent has a balance of $$6,450$ for six months$$ rent paid in advance on March $1,20$X$1.$

The Supplies account in the general ledger has a balance of $$390.$ A count of supplies on hand at June $30,20$X$1,$ indicated $$145$ of supplies remain.

The company borrowed $$8,800$ from Second Bancorp on June $1,20$X$1,$ and issued a four$-$month note. The note bears interest at $6$ percent.

Required:

Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June $30,20$X$1.$ The company has a June $30$ fiscal year$-$end.

Analyze:

After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account?