Q1

The following is the adjusted trial balance of Vera Company on December 31, 2020. Vera Company Adjusted Trial Balance December 31,2020 Debit Credit $ 765.000 495.000 135 000 27,000 45.000 207 000 720.000 Cash Accounts Receivable Notes Receivable Supplies Prepaid Rent Land Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Mortgage Puvable Outer's Capital Owners Drawings Service Revente Rent Revenue Wages Expense L tilities Expense Depreciation Expense Rent Expense Total 63.000 6061000 378.000 05.000 999 200 81000 150 000 DU DOI 105 000 48.000 15.000 40.000 2.676.000 2.676.000 On December 31, 2020. The closing entry related to the revenues (Step 1 ist Debit Service Revenue for S 50 000 Debit Rent Revenue for $ 20 000 and credit income summary for $270,000 Debit Service Reverue for $270000 and oredit Income summary for 3270 000 Debit income summary for $270.000 Credit Rent Revenue for 20 000 and credit service Revenue for $150,000 None of the above