The unadjusted trial balance of Imagine Ltd. at December 31, 2017 is as follows: Additional information: 1. On November 1, 2017, Imagine received $10,200 rent from its lessee for a 12-month lease beginning on that date. This was credited to Rent Revenue. 2. Imagine estimates that 7% of the Accounts Receivable balances on December 31, 2017, will be uncollectible. On December 28, 2017, the bookkeeper incorrectly credited Sales Revenue for a receipt of $1,000 on account. This error had not yet been corrected on December 31. 3. After a physical count, inventory on hand at December 31, 2017, was $77,000. 4. Prepaid insurance contains the premium costs of two policies: Policy A, cost of $1,320, two-year term, taken out on April 1, 2017; Policy B, cost of $1,620, three-year term, taken out on September 1, 2017. 5. The regular rate of depreciation is 10% of cost per year. Acquisitions and retirements during a year are depreciated at half this rate. There were no retirements during the year. On December 31, 2016, the balance of Equipment was $90,000. 6. On April 1, 2017, Imagine issued at par value 50 $1,000, 11% bonds maturing on April 1, 2020. Interest is paid on April 1 and October 1. 7. On August 1, 2017, Imagine purchased at par value 18 $1,000, 12% Legume Inc. bonds, maturing on July 31, 2019. Interest is paid on July 31 and January 31. 8. On May 30, 2017, Imagine rented a warehouse for $1,100 per month and debited Prepaid Rent for an advance payment of $13,200
