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i want to anwser this plaes 1. Fees received in advance from clients $5,000. 2. Services performed for clients that were not recorded by December
i want to anwser this plaes
1. Fees received in advance from clients $5,000. 2. Services performed for clients that were not recorded by December 31,$4,900. 3. Equipment is being depreciated at 8% per year. 4. Bad debt expense for the year is $1,430. 5. Insurance expired during the year $480. 6. Harms gave the bank a 90 -day, 5% note for $7,200 on December 1, 2022. 7. Rent of the building is $750 per month. The rent for all of 2022 , and for January of 2023 has been paid. 8. Office salaries and wages earned but unpaid December 31,2022,$1,510. Harms withdrew $12,000 cash for personal use during the year. HARMS HAULERS TRIAL BALANCE DECEMBER 31, 2022 \begin{tabular}{|c|c|c|} \hline & Debit & Credit \\ \hline Cash & $39,500 & \\ \hline Accounts Receivable & 50,600 & \\ \hline Allowance for Doubtful Accounts & & $2,750 \\ \hline Supplies & 2,960 & \\ \hline Prepaid Insurance & 1,100 & \\ \hline Equipment & 27,000 & \\ \hline Accumulated Depreciation-Equipment & & 6,250 \\ \hline Notes Payable & & 7,200 \\ \hline Owner's Capital & & 42,010 \\ \hline Service Revenue & & 102,000 \\ \hline Rent Expense & 9,750 & \\ \hline Salaries and Wages Expense & 30,500 & \\ \hline Utilities Expenses & 1,080 & \\ \hline \multirow[t]{2}{*}{ Office Expense } & 720 & \\ \hline & $163,210 & $163,210 \\ \hline \end{tabular} Prepare a classified statement of finanrial nosition (I ist rurrent assets in reverse order of liauiditv) Step by Step Solution
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