Misfire Company is a small editorial services company owned and operated by Pedro Borman. On August 31, 2010, the end of the current year, Misfire 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 August 31, $1,800.

(b) Supplies on hand at August 31, $750.

(c) Depreciation of building for the year, $2,000.

(d) Depreciation of equipment for the year, $5,000.

(e) Rent unearned at August 31, $2,850.

(f) Accrued salaries and wages at August 31, $2,800.

(g) Fees earned but unbilled on August 31, $12,380.

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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Misfire Company Unadjusted Trial Balance August 31, 2010 Debit Balances Credit Balances Cash 7,500 38,400 7,200 1,990 112,500 200,250 Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment. Accumulated Depreciation-Equipment Accounts Payable 137,550 135,300 97,950 12,150 6,750 221,000 Unearned Rent Pedro Borman, Capital Pedro Borman, Drawing 15,000 Fees Earned 324,600 Salaries and Wages Expense Utilities Expense. Advertising Expense Repairs Expense . Miscellaneous Expense 193,370 42,375 22,800 17,250 6,075 800,000 800,000 .... ....