Problem 3-6 (Part Level Submission) Presented below are the trial balance and the other information related to Yorkis Perez, a consulting engineer. YORKIS PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2014 Debit Credit $28,820 Cash 54,230 Accounts Receivable $770 Allowance for Doubtful Accounts Inventory 1,970 Prepaid Insurance 1,140 26,200 Equipment Accumulated Depreciation-Equipment 7,570 Notes Payable 7,200 Owner's Capital 37,810 Service Revenue 103,780 10,010 Rent Expense (13 months of rent) 32,160 Salaries and Wages Expense Utilities Expenses 1,840 Office Expense 760 $157,130 $157,130 Totals 1. Fees received in advance from clients $6,920. 2. Services performed for clients that were not recorded by December 31, $5,030. 3. Bad debt expense for the year is $1,330. 4. Insurance expired during the year $460. 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 $770 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, $3,310. Yorkis Perez withdrew $15,270 cash for personal use during the year