Financial Accounting 422 PM) M May 16 to 202023 Quest (10%) The adjusted trial balance for Peanut Butter & am Inc. appears below as of December 31, 2020 Pet Butter & Jam loc Used Trial Balance December 31, 2020 Cash Accounts receivable Prepaid c Supplies Equipment Accumulated depreciation equipment Accounts payable Uneamed service rev Common shares Retained earnings Dividend Service reve Salary expense Utilities expense Rant expense Advertising expense Additional data is as follows Debi Cred $55,500 6,000 15,000 3,000 40,000 $4,000 21.000 10.500 48.250 12,000 5,000 44,600 7,200 1,200 5.250 2200 $140.150 $140,350 Lineared service revenue camed during the year amounts to $8,500 Depreciation for the current year amounts to $4,000 Prepaid insurance consists of a policy purchased on January 1, 2020 for a 15 month coverage - Supplies and during the current year amount to $1.500 Accrued salaries on December 31, 2020, amount to $2,500 Based on the unadjusted trial balance and the additional data, prepare a balance sheet for Peanut Butter & Jam Inc. dated December 1.2929 5|Fage