ution- ork 12 Saved Help Save & Exit Submit 50 Check my work 2.-6. Merchandise Inventory, before adjustment, has a balance of $8,300. The newly counted inventory balance is $8,800. c. Unearned Seminar Fees has a balance of $6,800, 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 $16,800 for six months'insurance paid in advance on May 1, 2019 e. Store equipment costing $11.380 was purchased on March 31, 2019. It has a salvage value of $580 and a useful life of four years. g. The employer owes the following taxes on wages not paid at June 30, 2019: SUTA. $9.90: FUTA, $1.98; Medicare, $479, and social security, $20.46. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $2,800,000 i. Prepaid Rent has a balance of $7800 for six months' rent paid in advance on March 1, 2019. j. The Supplies account in the general ledger has a balance of $480. A count of supplies on hand at June 30, 2019, indicated $190 of supplies remain k. The company borrowed $8,200 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? View transaction list Journal entry worksheet 5 points