Galloway Company is a small editorial services company owned and operated by Fran Driggs. On July 31, 2012, the end of the current year, Galloway Company?s accounting clerk prepared the unadjusted trial balance shown on the next page. The data needed to determine year-end adjustments are as follows:

a. Unexpired insurance at July 31, $4,800.

b. Supplies on hand at July 31, $600.

c. Depreciation of building for the year, $3,100.

d. Depreciation of equipment for the year, $2,700.

e. Rent unearned at July 31, $1,750.

f. Accrued salaries and wages at July 31, $3,000.

g. Fees earned but unbilled on July 31, $10,750.

Instructions1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable: Rent Revenue; Insurance Expense; Depreciation Expense-Building; Depreciation Expense-Equipment; and Supplies Expense.2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjust trialbalance:

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Galloway Company Unadjusted Trial Balance July 31, 2012 Debit Credit Balances Balances Cash ... 7,500 ........ Accounts Recerable.. Prepaid Insurance. Supplies... Land. 38,400 ..... ............. ............ 00גה ........ ......................... 1,980 .............. ........ .............. 112,500 Building. Accumulated Depreciation-Building. Equipment.. Accumulated Depreciation-Equipment 200,250 137,550 r..... ....... ...... ...... .... 135,300 ........ ....................... 97,950 .................................. Accounts Payabile .. Unearned Rent............ Capital Stock.. Retained Earnings..... Dividends.. Fees Earned.. Salaries and Wages Expense.... . Utilities Expense. Advertising Expense.... Repairs Expense... Miscellaneous Expense. 12,150 6,750 .... ... ........ ... 80,000 .... ............ 141.000 ...................... 15,000 .... .... *.................. 324.600 ........... ............ 193.370 42,375 ....... 22.800 17,250 6,075 800,000 డిం00