Three years ago, T. Roderick organized Harbor Realty. At July 31, 20Y2, the end of the current year, the unadjusted trial balance of Harbor Realty follows:

The data needed to determine year-end adjustments follow:
• Supplies on hand at July 31, 20Y2, $380.
• Insurance premiums expired during the year, $315.
• Depreciation of equipment during the year, $4,950.
• Wages accrued but not paid at July 31, 20Y2, $440.
• Accrued fees earned but not recorded at July 31, 20Y2, $1,000.
• Unearned fees on July 31, 20Y2, $750.
Instructions 1. Prepare the necessary adjusting journal entries on July 31. Include journal entry explanations.
2. Determine the balance of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.

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Cash Accounts Receivable... Supplies ........ Prepaid Insurance. Office Equipment ...... Accumulated Depreciation Office Equipment.. Accounts Payable Wages Payable... Unearned Fees.. Common Stock Retained Earnings Dividends Fees Earned.... Wages Expense Depreciation Expense Rent Expense Utilities Expense Supplies Expense.. Insurance Expense Miscellaneous Expense Harbor Realty Unadjusted Trial Balance July 31, 20Y2 .. Debit Balances 3,425 7,000 1,270 620 51,650 5,200 22,415 0 4,200 2,715 0 0 1,505 100,000 Credit Balances 9,700 925 0 1,250 5,000 24,000 59,125 100,000