=+PR 3-2B Adjusting entries obj. 2 Chinook Company, an electronics repair store, prepared the unadjusted trial balance shown below at the end of its first year of operations.

Chinook Company Unadjusted Trial Balance November 30, 2010 Debit Credit Balances Balances Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,900 Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,800 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 227,400 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,500 Unearned Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 Neal Salmon, Capital . . . . . . . . . . . . . . . . . . . . . . . . . . 156,000 Neal Salmon, Drawing . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 Fees Earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 271,500 Wages Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63,000 Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,000 Utilities Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,500 Miscellaneous Expense . . . . . . . . . . . . . . . . . . . . . . . . 5,400 _______ _______ 450,000 450,000 _______ _______ _______ _______