VAUGHN PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31,2017 Credit Cash Accounts Receivable Allowance for Doubtful...
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VAUGHN PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31,2017 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Debit $29,500 55,300 $748 2,390 1,130 31,700 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense (13 months of rent) Salaries and Wages Expense Utilities Expenses Office Expense 7,925 7,200 31,563 117,118 9,724 32,240 1,920 650 $164,554 $164,554 Totals 1. Fees received in advance from clients $6,150, which were recorded as revenue. 2. Services performed for clients that were not recorded by December 31, $5,368. 3. Bad debt expense for the year is $1,416. 4. Insurance expired during the year $518. 5. Equipment is being depreciated at 10% per year 6, Vaughn Perez gave the bank a 90-day, 10% note for $7,200 on December 1, 2017. Rent of the building is $748 per month. The rent for 2017 has been paid, as has that for January 2018, and recorded as Rent Expense. 8. Office salaries and wages earned but unpaid December 31, 2017, $2,579
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