3 a. b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7.900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $11.400 for six months' insurance paid in advance on May 1, 2019. e. Store equipment costing $13,450 was purchased on March 31, 2019. It has a salvage value of $490 and a useful life of six years. f. Employees have earned $240 that has not been paid at June 30, 2019. g. The employer owes the following taxes on wages not paid at June 30, 2019: SUTA, $7.20, FUTA, $1.44; Medicare, $3.48; and social security. $14.88 h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1.900.000 1. Prepaid Rent has a balance of $6,450 for six months' rent paid in advance on March 1, 2019. J. The Supplies account in the general ledger has a balance of $390. A count of supplies on hand at June 30, 2019, indicated $14 of supplies remain. k. The company borrowed $8,800 from First Bank on June 1, 2019, 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, 2019. 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?