[COLOR=#ffffff]YORKIS PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2014[/COLOR]
		Debit			Credit
Cash		$33,030
Accounts Receivable		51,700
Allowance for Doubtful Accounts					$640
Inventory		1,780
Prepaid Insurance		1,050
Equipment		27,300
Accumulated Depreciation-Equipment					7,480
Notes Payable					7,200
Owner’s Capital					35,730
Service Revenue					107,620
Rent Expense (13 months of rent)		9,870
Salaries and Wages Expense		32,110
Utilities Expenses		1,040
Office Expense		790
Totals		$158,670			$158,670

1.		Fees received in advance from clients $6,300.
2.		Services performed for clients that were not recorded by December 31, $5,920.
3.		Bad debt expense for the year is $1,930.
4.		Insurance expired during the year $500.
5.		Equipment is being depreciated at 10% per year.
6.		Yorkis Perez gave the bank a 90-day, 10% note for $7,200 on December 1, 2014.
7.		Rent of the building is $640 per month. The rent for 2014 has been paid, as has that for January 2015.
8.		Office salaries and wages earned but unpaid December 31, 2014, $2,820.

Yorkis Perez withdrew $20,780 cash for personal use during the year.

​prepare annual adjusting entries as of December 31, 2014.

What do YOU think ?
While we're happy to HELP we wont do all the work for you.
Show us what you have done and where you are having problems, rather than simply copy&paste the work sheet.

A simple accounting exercise you should have no difficulty completing it

I missed two accounts and I just want to know what the debit for the #2 account would be and credit for the #3. I asked my teacher and he won't tell me.

2.		Services performed for clients that were not recorded by December 31, $5,920.
3.		Bad debt expense for the year is $1,930.

2 speaks of accrued income; debit accrued income credit services
3. Debit bad debt expense, credit either provision for doubtful debts or debtors writing off the individual account balances