Pacific Financial Services Co., which specializes in appliance repair services, is owned and operated by Eileen Hastings. Pacific Financial Services Co.??s accounting clerk prepared the unadjusted trial balance at October 31, 2012, shown below.

The data needed to determine year-end adjustments are as follows:a. Depreciation of building for the year, $1,900.b. Depreciation of equipment for the year, $2,400.c. Accrued salaries and wages at October 31, $1,375.d. Unexpired insurance at October 31, $2,700.e. Fees earned but unbilled on October 31, $9,400.f. Supplies on hand at October 31, $325.g. Rent unearned at October 31, $1,800.

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 adjusted trial balance.

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Pacific Financial Services Co. Unadjusted Trial Balance October 31, 2012 Debit Credit Balances Balances Cash ... Accounts Receivable. 10,200 34,750 Prepaid Insurance Supplies 6,000 1,725 Land 50,000 Building. Accumulated Depreciation-Building. Equipment... Accumulated Depreciation-Equipment . Accounts Payable . 80,750 37,850 45,000 17,650 3,750 Unearned Rent 3,600 Capital Stock. Retained Earnings. Dividends Fees Earned.. Salaries and Wages Expense.. Utilities Expense . Advertising Expense Repairs Expense... Miscellaneous Expense . 22,500 81,050 8,000 158,600 56,850 14,100 7,500 6,100 4,025 325,000 325,000