• The adjusted trial balance for Peter Company as of December 31, 2020, follows:

  Account		Debit ($)			Credit ($)
  Supplies expense		12,100
  Cash		15,300
  Short-term investments		20,300
  Supplies		6,900
  Prepaid expensex		500
  Equipment		71,000
  Interest expense		540
  Accumulated depreciation, equipment					34,500
  Professional revenue					199,480
  Building		181,000
  Depreciation expense, building		19,300
  Accumulated depreciation, building					137,500
  Telephone expense		3,700
  Land		82,500
  Insurance expense		17,300
  Franchise		27,500
  Peter, withdrawals		2,300
  Depreciation expense, equipment		7,300
  Accounts payable					16,300
  Wages expense		63,300
  Rent revenue					22,500
  Accrued expenses					120
  Unearned professional revenue					26,300
  Long-term notes payable					15,000
  Peter, capital					85,640
  Utilities expense		6,500
  Totals		537,340			537,340

  Additional information (these items have not been recorded in the above Trial Balance):

• On January 2, 2021, you received the telephone bill for the month of December 2020 for $365.
• On December 31, 2020, Peter Company provided professional services to a university student club. An invoice was sent on January 1, 2021 to the student club for $2,250 due January 31, 2021.
• Included in the rent revenue is $1,200 of rent received for two weeks in advance for January 2021.