Billy Board Company specializes in the maintenance and repair of signs, such as billboards. On March 31, 2010, the accountant for Billy Board Company prepared the following trial balances:

InstructionsJournalize the seven entries that adjusted the accounts at March 31. None of the accounts were affected by more than one adjustingentry.

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Billy Board Company Trial Balance March 31, 2010 Unadjusted Adjusted Credit Balances Debit Balances Debit Balances Credit Balances 4,750 17,400 6,200 9,000 50,000 120,000 4,750 17,400 1,850 3600 50,000 120,000 Cash Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation-Buildings Trucks Accumulated Depreciation-Trucks Accounts Payable Salaries Payable Unearned Service Fees William Elkins, Capital William Elkins, Drawing Service Fees Earned Salary Expense Depreciation Expense-Trucks Rent Expense Supplies Expense Utilities Expense Depreciation Expense-Buildings Taxes Expense Insurance Expense Miscellaneous Expense 58,100 51,500 75,000 75,000 14,300 7,520 1,180 5,100 156,400 12,000 6,920 10,500 156,400 7,500 7,500 168,080 162,680 80,000 81,180 2,300 11,900 4,350 6,800 6,600 2,900 5,400 9,150 11,900 6,200 2,900 9,150 400,000 400,000 410,680 410,680