Credit $3,050 RIVERBED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $33,500 Accounts Receivable 47.400 Allowance for Doubtful Accounts Supplies 3,180 Prepaid Insurance 1,600 Equipment 33,000 Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense 7,800 Salaries and Wages Expense 28,750 Utilities Expenses 1,280 Office Expense 640 $157,150 4,000 9,600 45,090 95,410 $157,150 dad 31 o ** ( stv e 1. 2. 3. 4. Fees received in advance from clients $6,000, which were recorded as revenue. Services performed for clients that were not recorded by December 31, $5,900. Equipment is being depreciated at 8% per year. Bad debt expense for the year is $1,440. Insurance expired during the year $500. Riverbed gave the bank a 90-day, 5% note for $9,600 on December 1, 2020. Rent of the building is $600 per month. The rent for 2020 has been paid, as has that for January 2021. Office salaries and wages earned but unpaid December 31, 2020, $1,520. 5. 6. 7. 8. Hverbed withdrew $12,000 cash for personal use during the year. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Credit titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry fort account titles and enter for the amounts. Use 360 days for calculation.) No. Account Titles and Explanation Debit Credit 31 * otv A