The following are the trial balance and the other information related to Bruce Pronghorn, who operates a construction hauling business.

PRONGHORN

TRIAL BALANCE

DECEMBER 31, 2020

Debit

Credit

Cash$39,500Accounts Receivable52,400Allowance for Doubtful Accounts$2,050Supplies3,180Prepaid Insurance1,500Equipment32,500Accumulated DepreciationEquipment5,250Notes Payable4,800Owner's Capital45,780Service Revenue112,520Rent Expense11,050Salaries and Wages Expense28,250Utilities Expenses1,260Office Expense760$170,400

$170,400

1.Fees received in advance from clients $6,000.2.Services performed for clients that were not recorded by December 31, $5,900.3.Equipment is being depreciated at8% per year.4.Bad debt expense for the year is $1,410.5.Insurance expired during the year $580.6.Pronghorn gave the bank a90-day,5% note for $4,800on December 1, 2020.7.Rent of the building is $850per month. The rent for 2020 has been paid, as has that for January 2021.8.Office salaries and wages earned but unpaid December 31, 2020, $1,510.

Pronghorn withdrew $11,000cash for personal use during the year.

From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020