Adjusting entries OBJ. 2, 3, 4 The Signage Company specializes in the maintenance and repair of signs, such as billboards. On March 31, 2016, the accountant for The Signage Company prepared the following trial balances:

The Signage Company Trial Balances March 31, 2016 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,750 4,750 Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,400 17,400 Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,200 2,175 Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 1,150 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 100,000 Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000 170,000 Accumulated Depreciation—Buildings . . . . . . . . . . . . . . . . 51,500 61,000 Trucks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000 75,000 Accumulated Depreciation—Trucks . . . . . . . . . . . . . . . . . . . 12,000 17,000 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,920 8,750 Salaries Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,400 Unearned Service Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,500 3,850 Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 50,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206,400 206,400 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500 7,500 Service Fees Earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162,680 169,330 Salary Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 81,400 Depreciation Expense—Trucks . . . . . . . . . . . . . . . . . . . . . . . . — 5,000 Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,900 11,900 Supplies Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 4,025 Utilities Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,200 8,030 Depreciation Expense—Buildings . . . . . . . . . . . . . . . . . . . . . — 9,500 Taxes Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,900 2,900 Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 7,850 Miscellaneous Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,150 9,150 500,000 500,000 517,730 517,730 Instructions Journalize the seven entries that adjusted the accounts at March 31. None of the accounts were affected by more than one adjusting entry.