Terrific Temps fills temporary employment positions for local businesses. Some businesses pay in advance for services; others are billed after services have been performed. Advance payments are credited to an account entitled Unearned Fees. Adjusting entries are performed on a monthly basis. Below is an unadjusted trial balance dated December $31$ of the current year. $($Bear in mind that adjusting entries have already been made for the first $11$ months, but not for December.$)$

TERRIFIC TEMPS

UNADJUSTED TRIAL BALANCE DECEMBER $31,$ CURRENT YEAR

Cash

$27\mathrm{.}020$

Accounts receivable

$59\mathrm{.}200$

Unexpired insurance

$900$

Prepaid rent

$3,000$

Office supplies

$600$

Equipment

$60,000$

Accumulated depreciation: equipment

$29,500$

Accounts payable

$4,180$

Notes payable

$12,000$

Interest payable

$320$

Unearned fees

$6,000$

Income taxes payable

$4,000$

Unearned revenue

$20,000$

Retained earnings

$49,000$

Capital stock

$25,000$

Dividends

$3,000$

Fees earned

$75,000$

Travel expense

$5,000$

Insurance expense

$2,980$

Rent expense

$9,900$

Office supplies expense

$780$

Utilities expense

$4,800$

Depreciation expense: equipment

$5,500$

Salaries expense

$30,000$

Interest expense

$320$

Income taxes expense

$12,000$

$

$225,000$

$225,000$

Other Data

$1.$ Accrued but unrecorded fees earned as of December $31$ amount to $$1,500.$

$2.$ Records show that $$2,500$ of cash receipts originally recorded as unearned fees had been earned as of December $31.$

$3.$ The company purchased a six$-$month insurance policy on September $1$ of the current year for $$1,800.$

$4.$ On December $1$ of the current year the company paid its rent through February $28$ of the upcoming year.

$5.$ Office supplies on hand at December $31$ amount to $$400.$

$6.$ All equipment was purchased when the business first formed. The estimated life of the equipment at that time was $10$ years $($or $120$

$7.$ On August $1$ of the current year the company borrowed $$12,000$ by signing a $6-$month, $8$ percent note payable. The entire note, plus $6$ months' accrued interest, is due on February $1$ of the upcoming year.

$8.$ Accrued but unrecorded salaries at December $31$ amount to $$2,700.$

$9.$ Estimated income taxes expense for the entire year totals $$15,000.$ Taxes are due in the first quarter of the upcoming year.

Required:

a$.$ For each of the numbered paragraphs, prepare the necessary adjusting entry.

b$.$ Determine the amount at which each of the following accounts will be reported in the company's current year income statement.

$1.$ Fees Earned

$2.$ Travel Expense

$3.$ Insurance Expense

$4.$ Rent Expense

$5.$ Office Supplies Expense

$6.$ Utilities Expense

$7.$ Depreciation Expense: Equipment

$8.$ Interest Expense

$9.$ Salaries Expense

$10.$ Income Taxes Expense

c$.$ The unadjusted trial balance reports dividends of $$3,000.$ Have these dividends been paid as of December $31?$