The following list of accounts and their balances represents the unadjusted trail balance of Alt.

Company at December 31, 2014:

1. The balance in the Insurance Expense account contains the premium costs of three polices

Policy 1, remaining cost of $2,550, 1-yr term, taken out on May 1, 2013;

Policy 2, original cost of $9,000; 3-yr. term, taken out on Oct, 1, 2014,

Policy 3, original coat of $1,300, 1-yr, term, taken out on Jan 1, 2014

2. On September 30, 2014, Alt received $21,600 rent from its lessee for an eighteen month lease beginning on that date.

3 The regular rate of depreciation is 10% per year.  Acquisitions and retirements during a year are depreciated at half this rate. There were no purchases during the year. On December 31, 2013, the balance of the Plant and Equipment account was $220,000.

4. On December 28, 2014, the bookkeeper incorrectly credited Sales Revenue for a receipt on account in the amount of $20,000

5 At December 31,2014, salaries and wages accrued but unpaid were $4,200

6 All estimates that 1% of sates will become uncollectible.

7, On August 1, 2014, Alt purchased, as a shod-term investment, 60 $$1,000,  6% bonds of Allen Corp at par. The bonds mature on August 1, 2015. Interest payment dates are July 31 and January 31.

8. On April 30, 2014, Alt rented a warehouse for $3,000 per month, paying $36,000 in advance.