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NWP Assessment Player U... The following are the trial balance and the other information related to Thomas Consulting Engineer. Credit $806 THOMAS CONSULTING ENGINEER TRIAL
NWP Assessment Player U... The following are the trial balance and the other information related to Thomas Consulting Engineer. Credit $806 THOMAS CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $29,500 Accounts Receivable 55.900 Allowance for Doubtful Accounts Supplies 2,490 Prepaid Insurance 1.390 Equipment 28,900 Accumulated Depreciation Equipment Notes Payable Common Stock Retained Earnings Service Revenue Rent Expense 10.478 Salaries and Wages Expense 30.710 Utilities Expenses 1,670 Office Expense 770 $161.808 6,137 7,200 10,000 25,166 112,499 $161 AB 1. 2. 3. 4 5. Fees received in advance from clients $6.510, which were recorded as revenue. Services performed for clients that were not recorded by December 31. 54.525. Bad debt expense for the year is 51,419. Insurance expired during the year $499. Equipment is being depreciated at 10% per year Thomas gave the bank a 90-day, 10% note for $7.200 on December 1, 2020 Rent of the building is $806 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense. Office salaries and wages earned but unpaid December 31, 2020.52.658. 6. 7 8. From the trial balance and other information given prepare annual adjusting entries as of December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account tities and enter for the mom From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No entry for the account titles and enter 0 for the amounts.) Debit Credit No. Account Titles and Explanation 1. 2. 3. 4. I 5. 6. 7. CO e Textbook and Media List of Accounts
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