Jacksonville Financial Services Co., which specializes in appliance repair services, is owned and operated by Cindy Latty. Jacksonville Financial Services Co.??s accounting clerk prepared the unadjusted trial balance at December 31, 2010, shown below.

The data needed to determine year-end adjustments are as follows:a. Depreciation of building for the year, $2,100.b. Depreciation of equipment for the year, $3,000.c. Accrued salaries and wages at December 31, $800.d. Unexpired insurance at December 31, $1,500.e. Fees earned but unbilled on December 31, $2,150.f. Supplies on hand at December 31, $600.g. Rent unearned at December 31, $1,500.Instructions1. Journalize the adjusting entries. Add additional accounts as needed.2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trialbalance.

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Jacksonville Financial Services Co. Unadjusted Trial Balance December 31, 2010 Debit Balances Credit Balances Cash 10,200 34,750 6,000 1,725 50,000 80,750 Accounts Receivable Prepaid Insurance Supplies Land. Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable 37,850 45,000 17,650 3,750 3,600 103,550 Unearned Rent Cindy Latty, Capital Cindy Latty, Drawing Fees Earned 8,000 158,600 Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 56,850 14,100 7,500 6,100 4,025 325,000 325,000 ... ...