Question 4 of 4 Debit Credit Cash $ 29,500 Accounts Receivable 57,900 Allowance for Doubtful Accounts $ 732 Supplies 1.560 1.480 30,100 6,550 7,200 10,000 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Common Stock Retained Earnings Service Revenue Rent Expense Salaries and Wages Expense Utilities Expenses Office Expense 27.977 114,437 9,516 34.390 1.780 670 $ 166,896 $ 166,896 MacBook $ 166,896 $ 166,896 1. 2. 3. 4. Fees received in advance from clients $ 6,390, which were recorded as revenue. Services performed for clients that were not recorded by December 31. $5,111 Bad debt expense for the year is $ 1,434. Insurance expired during the year $ 443. Equipment is being depreciated at 10% per year Donald gave the bank a 90-day, 10% note for $ 7.200 on December 1, 2020. Rent of the building is $ 732 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.$ 2,438. 5 6 7 8. Question 4 of 4