The following are the trial balance and the other information related to Perez Consulting Engineer Credit $750 PEREZ CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $29,500 Accounts Receivable 49,600 Allowance for Doubtful Accounts Supplies 1,960 Prepaid Insurance 1,100 Equipment 25,000 Accumulated Depreciation Equipment Notes Payable Common Stock Retained Earnings Service Revenue Rent Expense 9,750 Salaries and Wages Expense 30,500 Utilities Expenses 1,080 Office Expense 720 $149,210 6,250 7,200 10,000 25,010 100,000 $149,210 1. Fees received in advance from Cients 56,000, which were recorded as revenue 2. Services performed for cents that were not recorded by December 31, 54,900 4. Insurance expired during the year 480. 5. Bouipment is being deprecated at 10 per year Perez gave the bank a 90-cay, 10 note for 7,200 on December 1, 2020 7. Rent of the building is $750 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded astere Expense 8. Orice salaries and wages earned but unpaid December 31, 2020, 52,510. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. automatically indented when amount is entered. Do not indent manually. If no entry is required, sel titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1 Service Revenue 6000 Unearned Service Reve 6000 2. Accounts Receivable 4900 Service Revenue 4900 3 Bad Debt Expense 1430 1430 Allowance for Doubtful Insurance Expense 4 480 Prepaid Insurance 480 5 Depreciation Expense 2500 Accumulated Depreciat 2500 6. B Interest Expense 60 Interest Payable 60 7. Prepaid Rent 750 Rent Expense Salaries and Wapesten 2510 Prepare an income statement for 2020. (interessing the materie preceding the numbers. -45 PEREZ CONSULTING ENGINEER Income Statement Service Raven Us Expenses Bad Debe Expense BANGE Depreciation Experte 4020 50620 Prepare and caring for PEREZ CONSULTING ENGINEER C Lord