The following are the trial balance and the other information related to Matthew Consulting Engineer. MATTHEW...

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The following are the trial balance and the other information related to Matthew Consulting Engineer. MATTHEW CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 56,400 Allowance for Doubtful Accounts $718 Supplies 1,730 Prepaid Insurance 1,050 Equipment 33,800 Accumulated Depreciation-Equipment 5,987 Notes Payable 7,200 Common Stock 10,000 Retained Earnings 25,342 Service Revenue 115,427 Rent Expense 9,334 Salaries and Wages Expense 30,360 Utilities Expenses 1,750 750 Office Expense $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue. Services performed for clients that were not recorded by December 31, $5,145. Bad debt expense for the year is $1,294. 12345ON Insurance expired during the year $471. Equipment is being depreciated at 10% per year. 2. 3. 4. 5. 6. 7. 8. Office salaries and wages earned but unpaid December 31, 2020, $2,292. Matthew gave the bank a 90-day, 10% note for $7,200 on December 1, 2020. Rent of the building is $718 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense. The following are the trial balance and the other information related to Matthew Consulting Engineer. MATTHEW CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 56,400 Allowance for Doubtful Accounts $718 Supplies 1,730 Prepaid Insurance 1,050 Equipment 33,800 Accumulated Depreciation-Equipment 5,987 Notes Payable 7,200 Common Stock 10,000 Retained Earnings 25,342 Service Revenue 115,427 Rent Expense 9,334 Salaries and Wages Expense 30,360 Utilities Expenses 1,750 750 Office Expense $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue. Services performed for clients that were not recorded by December 31, $5,145. Bad debt expense for the year is $1,294. 12345ON Insurance expired during the year $471. Equipment is being depreciated at 10% per year. 2. 3. 4. 5. 6. 7. 8. Office salaries and wages earned but unpaid December 31, 2020, $2,292. Matthew gave the bank a 90-day, 10% note for $7,200 on December 1, 2020. Rent of the building is $718 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense.