Chapter 2: In-Class Problem Cash Accounts Receivable In Class Problems Dunphy Corporation December 31, 20X2 Undustrial Balance Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation- Equip. Notes Payable Owner's Capital Service Revenue Rent Expense Salaries and Wages Expense Utilities Expenses Office Expense red: Debit Credit $ 29,500 49,600 $ 750 1,960 1,100 25,000 5,000 7,200 35,010 100,000 9,750 29,250 1,080 720 $147,960 $147,960 are the accountant, and your job is to prepare the year-end 12/31/X2 adjusting entries, so the Company can prepare francial strits. Q1: Prepare the annual adjusting entry using the trial balance and the following/details: US this info. Fees received in advance from clients for $6,000 were recorded as service revenue in December. Services will be provided in January of 20X3. -earlier Q2: Prepare the annual adjusting entry using the trial balance and the following details: Services performed for clients that were not recorded by December 31, $4,900.